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Question 1 (Total: 20 marks) When analyzing the total variable overhead cost variance into both spending and efficiency variances, it is often assumed that direct

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Question 1 (Total: 20 marks) When analyzing the total variable overhead cost variance into both spending and efficiency variances, it is often assumed that direct labour hours is the sole cost driver. Required: 1. Explain if direct labour costs could ever be a better cost driver of variable overhead costs than direct labour hours. 1. How is the standard variable overhead rate different from the standard labour rate in variance analysis? Please explain

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