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3.What effect, if any, would you expect poor-quality materials to have on direct labor variances? 4.Why are separate price and quantity variances ? Use an

3.What effect, if any, would you expect poor-quality materials to have on direct labor variances?

4.Why are separate price and quantity variances ? Use an example to help explain your answer

5.a.What is definition of a quantity and price standard?

b.How are might they be important to the management of a company?

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