Variances in standard costing can be separated in the following categories; direct materials, direct labour, fixed overhead and variable overhead.

Name: Variances in standard costing can be separated in the following categories; direct materials, direct labour, fixed overhead and variable overhead.
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These categories are standard for analyzing variances in standard costing, allowing businesses to identify where deviations from expected costs occur.

Variances in Standard Costing Can Be Separated in the Following