Question: 7 . Discuss the differences among actual costing, normal costing, and standard costing. 1 0 . When should a standard cost variance be investigated? 1

7. Discuss the differences among actual costing, normal costing, and standard costing.
10. When should a standard cost variance be investigated?
13. The materials usage (MUV) variance is always the responsibility of the production supervision. Do you agree or disagree? Why?

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