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Variance analysis is used to compare planned and actual performance. Which of the following is not a reason for the occurrence of variances? a-Measurement errors

Variance analysis is used to compare planned and actual performance. Which of the following is not a reason for the occurrence of variances?

a-Measurement errors

b-Actual performance being the same as standard performance

c-Overestimated material cost used in the standards

d-Price reductions and reduced wastage

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