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Question 4 (06 marks) (06 marks) Explain the possible causes of the following variances: a. Labour rate variance b. Labour efficiency variance Briefly explain the

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Question 4 (06 marks) (06 marks) Explain the possible causes of the following variances: a. Labour rate variance b. Labour efficiency variance Briefly explain the following cost: C Direct cost d. In-direct cost e. Mixed cost f. Stepped fixed cost (03 marks) (03 marks) (03 marks) (04 marks) (25 marks) END OF EXAMINATION

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