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Direct materials variances are called price 1.______________________ are preset costs for delivering a product or service under normal conditions. ________________________________________ 2.Companies promoting continuous improvement strive to achieve _____________ standards by eliminating inefficiencies and waste. ________________________________________ 3.A standard that takes into account the reality that some loss usually occurs with any process under normal application of the process is known as a __________________ standard. ________________________________________ 4.Differences between actual costs and standard costs are known as __________________. These differences may be subdivided into _________________ and ________________. ________________________________________ 5.Direct materials variances are called price and quantity variances. However, when referring to direct labor, these variances are usually called _________________ and _____________ variances. ________________________________________ Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help
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Direct materials variances are called price
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