The standard quantity or standard hours allowed refers to the amount of the input that should have been used to produce the actual output of the period.
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Q12: The standard price per unit for direct
Q13: An unfavorable materials quantity variance occurs when
Q14: If demand is insufficient to keep everyone
Q15: The materials price variance is computed based
Q16: If the actual hourly rate is greater
Q18: Material price variances are often isolated at
Q19: If demand is insufficient to keep everyone
Q20: The labor rate variance measures the difference
Q21: Poorly trained workers could have an unfavorable
Q22: In the Excel spreadsheet approach in Appendix
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