16. Which of the following is a true statement about the variable overhead efficiency variancs when the allocation base is direct labor hours? [ A) It tells you whether one was efficient or not in the use of variable overhead resources. B) It tells whether one paid more or less than planned for variable overhead resources. C) It tells you whether one was efficient or inefficient in the use of machine hours. D) It will report a favorable variance if the direct labor efficiency variance is found favorable. 17. Which of the following statements about fixed overhead variances is correct? A) A favorable volume variance means that a firm's production facilities were over-utilized by producing more units of products than budgeted. B) The budget variance is a measure of facility utilization. C) The volume variance represents the difference between the actual fixed overhead cost incurred during a period and the original budgeted fixed overhead cost. D) Fixed overhead variances consist of a budget variance and an efficiency variance