The actual quantity of input at the actual price less the actual quantity of input at the standard price is the price variance.
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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
Q24: A kaizen standard reflects the realized improvements
Q26: The sum of the labor rate and
Q27: For better control, the materials price variance
Q28: Kaizen costing provides fixed standards which reflect
Q29: Favorable variances are credits and unfavorable variances
Q30: When overhead is applied on the basis
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