What are some different types of variances


Assignment: Standard Cost And Variances

Answer the following-

- Explain the term "standard cost".

- What are some different types of variances?

- What does it mean if a variance is favorable?

- What does it mean if a variance is unfavorable?

- List one of the variances and explain how to calculate it.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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