1. What effect, if any, would you expect poor-quality materials to have on direct labor variances?
2. Why are separate price and quantity variances ? Use an example to help explain your answer
3. What is the definition of a quantity and price standard?
4. How might they be important to the management of a company?

Answer rating: 100% (QA)

3If poor quality materials create production problems a result could be exce... View the full answer