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Match the following terms. The total manufacturing cost variance Labor Time variance Fixed factory overhead volume variance Material Price variance Controllable Variance Material Quantity variance
Match the following terms. The total manufacturing cost variance Labor Time variance Fixed factory overhead volume variance Material Price variance Controllable Variance Material Quantity variance Labor Rate variance Principle of exceptions A. the difference between actual rate per hour and standard rate per hour B. the difference between actual costs and standard costs for units produced C. the actual direct labor hours spent producing a commodity differs from the standard hours D. the difference between the budgeted fixed overhead at 100% of normal capacity and the standard fixed overhead for the actual units produced E. the difference between actual price and standard price for direct materials F. the difference between actual direct material quantity and standard direct material quantity G. allows management to focus on correcting cost variances by comparing actual costs with standard costs H. the difference between budged and actual variable factory ov
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