The variable overhead variance is affected by input price changes only.
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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
Q22: Responsibility for variable overhead spending and efficiency
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
Q28: Kaizen costing provides fixed standards which reflect
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