Question 22 1.25 pts Canister Industries uses labor hours to apply variable overhead to production. If the company's workers were very inefficient during the period, which of the following statements would be true about the variable overhead efficiency variance? None of the answers is correct The variance would be favorable The nature of the variance favorable or unfavorable would be unknown based on the facts presented The variance would be the same amount as the labor etency variance The variance would be unfavorable Question 23 1.25 pts Bannister Motors Corporation reported the following variances for the period just ended: Variable-overhead spending varlance: $50.000U Variable overhead efficiency variance: $20,000U Fixed-overhead budget variance: $70,0000 Fixed-overhead volume variance: $30,0000 If Bannister desires to analyse variances that arose primarily from managers expenditures in excess of anticipated amounts, the company should focus on variances that totalt 5178.0000 $120.000 550.000 570.000 None of the answer is correct