Question 7Which of the following is true about revenue variances?1 pointCan only be calculated in single product scenariosOnly are calculated using budgeted sales priceCan be calculated in multi-product scenariosAre more important than cost variances
8Question 8Which of the following is true about revenue variances?1 point
Question 1Marbles Company has the following information available regarding itslabor:Managers expected to pay $11 per direct labor hour, but ended up paying$10 per labor hour. Each unit produced should take 1 direct labor hour;actual total usage was 990 direct labor hours. Finally, the companyplanned to produce 1,000 units, but only produced 950.Calculate the labor spending variance.
