Question: Part 3 1. Briefly explain how cost standards (ie., prices, rates, quantities, hours, etc.) are established. (2 points) 2. Why is the total direct

Part 3 1. Briefly explain how cost standards (ie., prices, rates, quantities, hours, etc.) are established. (2 points) 2. Why is the total direct labor variance divided into a rate variance and an efficiency variance? (1 point) 3. What manager is generally in the best position to influence the direct-labor efficiency variance? (1 point) Additional Guidance and Instructi

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