Question: A 5% decrease in the standard quantity of labor required for a product would affect which of the following: A. The standard amount of applied

A 5% decrease in the standard quantity of labor required for a product would affect which of the following:

A. The standard amount of applied overhead, if overhead is based on direct labor hours

B. None of the answers are correct

C. Labor price variance

D. materials price variance

E. materials quantity variance

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