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L017-3,4,5,6 and L016-1,2 (point each) Explain the difference between the following concepts: a. The sales mix variance and the sales quantity variance b. The production

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L017-3,4,5,6 and L016-1,2 (point each) Explain the difference between the following concepts: a. The sales mix variance and the sales quantity variance b. The production mix variance and the production quantity variance c. Favorable variances and unfavorable variances d. Management by exception and management by objective

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