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

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

ii.Give at least three good reasons why an unfavorable efficiency variance for direct manufacturing labor might be reported.(1.5Marks)

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