Measuring and monitoring budget variances is more than just an evaluation tool. It can also be used to detect fraud, waste, and abuse. Review the following scenarios and provide your analysis of what the variances are telling us. Indicate if you think fraud has occurred and craft a story that would create these variances.The direct labor time variance is favorable and the direct materials quantity variance is favorableThe direct labor time variance is unfavorable and the direct materials quantity variance is unfavorableThe direct labor rate variance is unfavorable and the direct materials quantity variance is favorableYour discussion answers will be graded based on the rubric. See the syllabus if you need to refresh your memory on what is required. **This discussion question requires a bit of creative license.**
