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When the variable overhead efficiency variance is favorable, it is an indication that: a. variable overhead items (supplies and utilities) were used sparingly b. the
When the variable overhead efficiency variance is favorable, it is an indication that:
a. variable overhead items (supplies and utilities) were used sparingly
b. the number of hours used to produce the product were less than the standard hours allowed
c. the cost of variable overhead items (supplies and utilities) has decreased during the period
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