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Question 5 (3 Marks) i. Give at least three good reasons why a favorable price variance for direct materials might be reported. (1.5 Marks) ii.

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Question 5 (3 Marks) i. Give at least three good reasons why a favorable price variance for direct materials might be reported. (1.5 Marks) ii. Give at least three good reasons why an unfavorable efficiency variance for direct manufacturing labor might be reported. (1.5 Marks)

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