Question 7 Marked out of 120 Match the terms with their definitions. Management by Exception... Choose... Cost Variance Choose Efficiency Variance. Choose... Variance Choose Question 8 Not yet answered Marked out of 3.0 According to Chapter 23's section on Setting Standards, accountanyhelp purchasing managers and human resources managers determine the standard costs for direct materials and direct labor Select one: True False Clear my choice Question 9 Not yet answered Marked out of 5 According to Chapter 23's section on Sewing Standards, which of the following would NOT be considered when determining the standard cost for Direct Labor? Select one: a. Payroll Taxes b. Basic Pay Rates C Fringe Benefits d. Who the employee's immediate supervisor will be Clear my choice