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Which of the following statements is correct about interpreting the variable overhead efficiency variance? The efficiency variance reveals the efficient or inefficient use of variable

Which of the following statements is correct about interpreting the variable overhead efficiency variance?

The efficiency variance reveals the efficient or inefficient use of variable overhead.

An efficiency variance results from using more or less of the variable overhead items than the standard allows.

The efficiency variance results from using more or less of the cost driver than the standard allows.

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