Question: A price variance measures: The difference between its production costs and its competitors' production costs. How good a company is in keeping its unit costs

A price variance measures: The difference between its production costs and

A price variance measures: The difference between its production costs and its competitors' production costs. How good a company is in keeping its unit costs of material and labor within standards. How well a company uses its materials and labor to produce a unit of output. The difference between current and previous production costs

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