Which of the following could cause a negative variable overhead efficiency variance?

Select one:

A. Having a variable overhead cost greater than expected for the given driver usage

B. Having driver usage greater than expected for the given level of production

C. Having variable overhead costs less than expected for the given driver usage

D. Having driver usage less than expected for the given level of production

E. All of the above

pt 2

When are variances normally closed to Cost of Goods Sold?

Select one:

A. At the end of each month

B. As products are sold

C. When the variance occurs

D. During year-end closing

E. None of the above