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If variable overhead is applied on the basis of direct labor-hours and the variable overhead rate variance is favorable, then: Select one: O a.
If variable overhead is applied on the basis of direct labor-hours and the variable overhead rate variance is favorable, then: Select one: O a. standard variable overhead rate exceeded the actual rate. 0 b. standard direct labor-hours allowed for the actual output exceeded the actual hours. c. actual variable overhead rate exceeded the standard rate. d. actual direct labor-hours exceeded the standard direct labor-hours allowed for the actual output.
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Financial Accounting Theory
Authors: William R. Scott
7th edition
132984660, 978-0132984669
