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allalice, and what is the objective Of varialice allalysis! Standard cost variances can usually be broken down into two basic types of variances. Identify and

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allalice, and what is the objective Of varialice allalysis! Standard cost variances can usually be broken down into two basic types of variances. Identify and describe these two types of variances. Identify possible causes for (1) a favorable materials price variance; (2) an unfavorable materi- als price variance; (3) a favorable materials quantity variance; and (4) an unfavorable materials quantity variance

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