Responsibility for variable overhead spending and efficiency variances is generally assigned to production departments.
Correct Answer:
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Q17: Ideal standards can be achieved only if
Q18: Standard costs are developed for direct materials,
Q19: The standard unit cost is developed before
Q20: To compute the standard direct labor hours
Q21: Although general responsibility for the volume variance
Q23: The variable overhead variance is affected by
Q24: A kaizen standard reflects the realized improvements
Q25: The actual quantity of input at the
Q26: The sum of the labor rate and
Q27: For better control, the materials price variance
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