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True/False 1. If the total cost variance is zero, there is no need to analyze the...

True/False

1. If the total cost variance is zero, there is no need to analyze the various component cost and volume variance. T/F

2. When analyzing whether to keep or drop a product, only the product's relevant costs need to be considered. T/F

3. A price variance measures how well a company keeps unit prices of material and labor inputs within standards. T/F

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