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1  ABC Corporation reported a flexible budget variance for direct labor of $16,000 Favorable for the current year

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1 

ABC Corporation reported a flexible budget variance for direct labor of $16,000 Favorable for the current year. If the direct labor price variance was $4,000 Unfavorable, what was the direct labor efficiency variance? Select one: a. $20,000 Favorable b. $12,000 Unfavorable c. $20,000 Unfavorable d. $12,000 Favorable

2 

HONDA Manufacturing Company prepares master budget. Flexible budget variances are the deviations of actual results from the ________.

Select one:

a. flexible budget amounts for the achieved level of activity

b. flexible budget amounts for the static level of activity

c. static budget amounts for the expected level of activity

d. static budget amounts for last year's level of activity