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Identify the statement related to controllable variance. Statement 1: General increase in the labor rate Statement 2: Increase in the rate of insurance premium Statement

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Identify the statement related to controllable variance. Statement 1: General increase in the labor rate Statement 2: Increase in the rate of insurance premium Statement 3: Change in market prices of material Statement 4: Excess usage of material O a. Statement 2 b. Statement 4 O c. Statement 1 O d. Statement 3

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