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All of the following are true of the general model for variance analysis EXCEPT: Standard price is the amount that should have been paid for

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All of the following are true of the general model for variance analysis EXCEPT: Standard price is the amount that should have been paid for the input used OA Actual price is the amount that should have been paid for the input used. OB. Actual quantity is the amount of direct materials, direct labor, and variable manufacturing overhead actually used. Standard quantity is the standard quantity allowed for the actual output of the period. OD

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