1. The difference between actual quantity of input used and the standard quantity of input used results in a:

a) Controllable variance.

b) Budget variance.

c) Price variance.

d) Standard variance.

e) Quantity variance.

2. Which of the following accounts is reported on an income statement? Select all that apply.

a. Gain on Sale of Assets

b. Interest Receivable

c. Marketing Expense

d. Research and Development Costs

e. Retained Earnings

f. Interest Income