When we do comparisons of standard costs to actual results
Question # 00763118
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Updated on: 05/28/2020 09:02 AM Due on: 05/28/2020
Please answer both questions in 4-5 sentences with one source.
- When we do comparisons of standard costs to actual results in the form of variance analysis what are the basic subdivisions of variance that can be isolated?
- Describe how variances in one type of manufacturing cost can be related to the other manufacturing cost components.
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Solution: When we do comparisons of standard costs to actual results