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Question 3 (1 point) An unfavorable labor efficiency variance indicates that: O 1) The labor rate variance must also be unfavorable. 2) Overtime labor was

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Question 3 (1 point) An unfavorable labor efficiency variance indicates that: O 1) The labor rate variance must also be unfavorable. 2) Overtime labor was used during the period. O 3) The actual labor rate was higher than the standard labor rate. O4) Actual labor hours worked exceeded standard labor hours for the output achieved Save Question 4 (1 point) In a certain standard costing system direct labor-hours are used as the base for applying variable manufacturing overhead costs. The standard direct labor rate is twice the variable manufacturing overhead rate. Last period the labor efficiency variance was unfavorable. From this information one can conclude that last period the variable overhead efficiency variance was: O 1) unfavorable and twice the labor efficiency variance 2) favorable and half the labor efficiency variance. 3) favorable and twice the labor efficiency variance. 4) unfavorable and half the labor efficiency variance. Save

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