The standard cost and the actual cost of production

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Reference no: EM13830901

Direct labor variance is the difference between the standard cost and the actual cost of production. Considering this, answer the questions that follow:

• What effect, if any, would you expect poor quality materials to have on direct labor variances?

• How must a company plan to mitigate the risks associated with direct labor variances?

Reference no: EM13830901

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