Question: What variances can be computed for direct material and direct labor when some materials or labor inputs are substitutes for others? What information does each

What variances can be computed for direct material and direct labor when some materials or labor inputs are substitutes for others? What information does each of these variances provide?

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What variances can be computed for direct material and direct labor when some materials or labor inputs are substitutes for others? What information does each of these variances provide?

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