Question: 1 . What do we mean when we say there is a price or rate variance? 2 . What do we mean when we say

1. What do we mean when we say there is a price or rate variance?
2. What do we mean when we say that there is a usage or efficiency variance?
3. What causes a variance to be deemed to be Favorable or Unfavorable?
1 . What do we mean when we say there is a price

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