For each of the following variances, briefly explain at least one probable cause and indicate the department

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For each of the following variances, briefly explain at least one probable cause and indicate the department manager (if any) responsible for the variance.

a. A favorable materials price variance.

b. An unfavorable labor rate variance.

c. A favorable volume variance.

d. An unfavorable materials quantity variance.


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Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078111044

16th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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