Unfavorable variances occur whenever actual prices or usage are less than standard prices or usage, and the opposite for a favorable variance.
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Q8: A mix variance is created whenever the
Q9: The most detailed method to compute overhead
Q10: Both manufacturing and service firms may use
Q11: The standard cost sheet shows costs needed
Q12: the direct materials mix variance is the
Q14: The direct materials usage variance is the
Q15: The total budget variances are categorized into
Q16: In computing efficiency variances, managers compute the
Q17: Price standards specify amounts and quantity standards
Q18: The direct materials price variance is the
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