When overhead is applied on the basis of direct labor hours, the variable overhead efficiency variance always has the same sign as the labor efficiency variance.
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Q25: The actual quantity of input at the
Q26: The sum of the labor rate and
Q27: For better control, the materials price variance
Q28: Kaizen costing provides fixed standards which reflect
Q29: Favorable variances are credits and unfavorable variances
Q31: Fixed overhead costs are resources acquired as
Q32: An acceptable range is established in order
Q33: The volume variance is often interpreted as
Q34: An unfavorable price variance occurs whenever the
Q35: The fixed overhead spending variance is affected
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