Standard costs are developed for direct materials, direct labor, and variable overhead only.
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Q13: The standard quantity of materials allowed can
Q14: The total budget variance is the difference
Q15: The actual quantity of input at the
Q16: Managers develop price standards when they determine
Q17: Ideal standards can be achieved only if
Q19: The standard unit cost is developed before
Q20: To compute the standard direct labor hours
Q21: Although general responsibility for the volume variance
Q22: Responsibility for variable overhead spending and efficiency
Q23: The variable overhead variance is affected by
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