Question: Direct labor variance is the difference between the standard cost and the actual cost of production. Considering this, answer the questions that follow: What effect,

Direct labor variance is the difference between the standard cost and the actual cost of production. Considering this, answer the questions that follow: What effect, if any, would you expect poor quality materials to have on direct labor variances? How must a company plan to mitigate the risks associated with direct labor variances?

Please cite references. This is for a Managerial Accounting course discussion.

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