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Which of the following statements is correct with regard to direct material variances and/or direct...

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Question

Accounting

Which of the following statements is correct with regard to direct material variances and/or direct labor variances?

A.

The production manager is held responsible for all direct labor variances.

B.

The standard input ratio for direct materials represents the expected amount of direct material used to produce one unit of output.

C.

The direct labor efficiency variance can first be calculated at the point of production.

D.

The quantity purchased is used to determine the direct materials price variance.

E.

All of the above statements are correct.

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