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Explain the types of direct and overhead variances

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Reference no: EM131976759

Question: 1. Answer the questions below in essay format.

2. Your essay must include an introduction, body, and conclusion, and address all relevant parts of each question. Your response should be a minimum of 300 words in length. Make sure to cite any references you use. At a minimum, you must cite your textbook. Proper citation format for a reference includes the name of the author(s), the title of the work, the date of the publication, and the page number.

Standard Costs

1. Select at least two of the following types of organizations and describe at least two types of standard costs they might use:

• Cleaning service

• Insurance agent/agency

• Physician's office

• Lube and tire shop

2. Additionally, explain the types of direct and overhead variances each of your selected organizations might encounter. Provide an example of each.

Reference no: EM131976759

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