The production volume variance is favorable whenever a. actual output exceeds expected output. b. expected output exceeds

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The production volume variance is favorable whenever

a. actual output exceeds expected output.

b. expected output exceeds actual output.

c. the actual variable overhead rate exceeds the standard variable overhead rate.

d. the standard variable overhead rate exceeds the actual variable overhead rate.

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Managerial Accounting

ISBN: 12

2nd Edition

Authors: Karen Braun, Linda S Bamber

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