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Question 4 Scenario: The local electric utility company raised the charge per kilowatt-hour, but no adjustment was made in the budget.
Indicate which of the following standard cost variances would be affected. More than one variance may be affected.
a) Materials price variance.
b) Materials quantity variance.
c)Labor rate variance.
d)Labor efficiency variance.
e) Variable overhead spending (rate) variance.
f) Variable overhead efficiency variance.
g) Fixed overhead budget variance.
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