Question: Briefly explain how cost standards ( i . e . , prices, rates, quantities, hours, etc. ) are established. ( 2 points ) Why is

Briefly explain how cost standards (i.e., prices, rates, quantities, hours, etc.) are established. (2 points)
Why is the total direct labor variance divided into a rate variance and an efficiency variance? (1 point)
What manager is generally in the best position to influence the direct-labor efficiency variance? (1 point)

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