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Unformatted text preview: describe them. 10. What are the two direct materials variances? Who is most likely responsible for each of these? 11. What are the two direct labor variances? Who is most likely responsible for each of these? 12. When should a variance be investigated? 13. What are control limits, and how are they set? 14. Explain why the materials price variance is computed at the point of purchase rather than the point of issuance (usage). 15. Suggest some possible causes of an unfavorable labor efficiency variance. 16. What is Kaizen Costing? Target Costing?...
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This note was uploaded on 09/29/2011 for the course ACC 2362 taught by Professor Thoede during the Fall '07 term at Texas State.
- Fall '07
- Managerial Accounting