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    Fundamental Accounting Principles Study Set 1
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    Exam 23: Flexible Budgets and Standard Costs
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    Direct Materials Variances Are Called Price and Quantity Variances
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Direct Materials Variances Are Called Price and Quantity Variances

Question 158

Question 158

Short Answer

Direct materials variances are called price and quantity variances. However, when referring to direct labor, these variances are usually called ________and ___________variances.

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