If you were examining variances in the production area, what would your hypothetical variances be and where would you look in and beyond those business functions for explanations? Please list and explain at least $4$ reasons for variances $($at least two for DM and at least two for DL$)$ that you would look at and how would you try to remedy them. At least one of those variances that you need to remedy should be a favorable variance which in your case is NOT good! Please make sure that your reasons make sense $-$ meaning that if you say that you have an unfavorable DL rate variance because you have hired higher skilled workers, you cannot say that your DL efficiency variance is unfavorable because your lower skilled employees are wasting time.

have and give reasons for:

$1)$ Favorable or Unfavorable DM Price variance

$2)$ Favorable or Unfavorable DM Quantity$/$Efficiency variance

$3)$ Favorable or Unfavorable DL Rate Variance

$4)$ Favorable or Unfavorable DL Efficiency variance