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Requirement 2: Explain why the following variances that you calculated may occur. ...

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Accounting

Requirement 2: Explain why the following variances
that you calculated may occur.
1. Direct materials price variance: give 2 possible reasons
2. Direct materials effiency varieance: give 2 possible reasons
3. Direct labor price variance: give 2 possible reasons
4. Direct labor effiency varieance: give 2 possible reasons
5. Production volume variance: give 1 reason

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