1. Standard costing is a method of control in which standard and standard are compared with actual performance to improve performance.

2. The investigation of the factors that have caused the differences between the standard and actual results is known as .

3. A variance due to differences in the quantity used, the price per unit or a combination of both these factors is a variance.

4. A variance in the material price is the responsibility of the .

5. The sub-variances of the total direct material variance are the variance and the variance.