123. Provide at least one cause of direct labor rate and efficiency variances and provide an example of how this might occur. 124. What is the overhead volume variance? What would be the cause...

123. Provide at least one cause of direct labor rate and efficiency variances and provide an example of how this might occur.

124. What is the overhead volume variance? What would be the cause of a favorable volume variance?

125. How are unfavorable variances recorded?

126. Folsom Custom Skis, founded by Jordon Grano, sells skis at an average price of approximately $1,300 per pair. At this price the company is breaking even. Jordan hopes to double his company’s sales in the near future. Could the company make a profit if the current cost structure and sales price per pair of skis remained the same while sales volume doubled?