Question: 1) What is the difference between a standard and a budget? Give an example of both. 2) Who is usually in the best position to

1) What is the difference between a standard and a budget? Give an example of both.

2) Who is usually in the best position to explain why the variances occurred? Explain your answer

DM price Variance

DM Quantity Variance

DL Rate Variance

DL Efficiency Variance

Thank you

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