Question: 1. In what sense can a variable cost be considered constant? 2. What department is usually responsible for a direct labor rate variance? What department

1. In what sense can a variable cost be considered constant?

2. What department is usually responsible for a direct labor rate variance? What department is usually responsible for a direct labor efficiency variance? Explain.

3. What is a price variance? What is a quantity variance?

4. What is the purpose of using standard costs?

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