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Briefly explain how cost standards (i.e., prices, rates, quantities, hours, etc.) are established. (2 points) Why is the total direct labor variance divided into a

Briefly explain how cost standards (i.e., prices, rates, quantities, hours, etc.) are established. (2 points) Why is the total direct labor variance divided into a rate variance and an efficiency variance? (1 point) What manager is generally in the best position to influence the direct-labor efficiency variance? (1 point)

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