Which of the following is true if the actual labor rate exceeds the standard labor rate and the actual labor hours exceed the number of hours allowed?
A) Labor Rate Variance Favorable; Labor Efficiency Variance Favorable
B) Materials Usage Variance Favorable; Materials Efficiency Variance Unfavorable
C) Materials Usage Variance Unfavorable; Materials Efficiency Variance Favorable
D) Labor Rate Variance Unfavorable; Labor Efficiency Variance Unfavorable
Correct Answer:
Verified
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