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Which one of the following is the difference in direct material costs between the actual cost incurred during the period and the total standard cost
Which one of the following is the difference in direct material costs between the actual cost incurred during the period and the total standard cost in the flexible budget for the units manufactured during the period?
a) direct materials price variance
b) direct materials mix variance
c) direct materials usage variance
d) direct materials flexible-budget variance
e) direct materials efficency variance
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