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1) Will waste on the production line result in a materials price variance? 2) Are labor rate variances out of management's control? 3) If your

1) Will waste on the production line result in a materials price variance? 2) Are labor rate variances out of management's control? 3) If your employees take longer to complete a job than expected will you have an unfavorable labor rate variance? 4) Should management investigate ALL variances?

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