One possible explanation for direct labor rate and efficiency variances is the use of workers with different skill levels.
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Q25: A flexible budget expresses all costs on
Q26: An unfavorable variance is recorded with a
Q27: A volume variance occurs when the company
Q28: A fixed budget performance report never provides
Q29: A favorable direct materials price variance might
Q31: When the actual cost of direct materials
Q32: The total sales variance can be divided
Q33: If ending variance account balances are immaterial,
Q34: If ending variance account balances are material,
Q35: An overhead cost variance is the difference
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