What does a favorable labor efficiency variance mean? a. Labor rates were higher than called for by

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What does a favorable labor efficiency variance mean?

a. Labor rates were higher than called for by standards.

b. Inexperienced labor was used, causing the rate to be lower than standard.

c. More labor was used than called for by standards.

d.Less labor was used than called for by standards.

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Managerial Accounting

ISBN: 12

3rd Edition

Authors: James Jiambalvo

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Question Posted: May 24, 2024 10:00 AM

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What does a favorable labor efficiency variance mean? a. Labor rates were higher than called for by

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Managerial Accounting

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