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EnglandAccountingQuick questions
3.2 Management accounting
Quick questions on Standard costing and variances: material, labour and sales analysis - AQA A-Level Accounting
2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
Define a favourable variance. [1 mark] When the actual result is better than the standard or budget (a lower cost or a higher revenue).
What is q2?Show answer
Standard rate is per hour and actual is for hours. Calculate the labour rate variance. [2 marks] , that is adverse.
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