Use the Following to Answer Questions

Multiple Choice

Use the following to answer questions
Hurricane, Inc. manufactures hurricane lamps. Selected data regarding standard costs follow:
Selected actual results for the month of August are shown below:

-Which of the following statements about variance analysis is correct?

A) All variances should be investigated
B) Favorable price variances should be rewarded
C) Unfavorable quantity variances are the fault of production
D) Management should investigate only variances that are relatively large