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Discussion 8.2: Variance Analysis In reviewing a variance analysis report you note that there was...

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Accounting

Discussion 8.2: Variance Analysis

In reviewing a variance analysis report you note that there was a very favorable materials price variance last month but unfavorable labor and materials efficiency variances. What situation cuuld have caused these variances? What would you do to test your explanation of the variances (what information or questions would you ask)?

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