In a Standard Cost System, When Production (I

question 29

Multiple Choice

In a standard cost system, when production (i.e., actual output) is greater than the denominator volume level, there will be:

• A) A favorable labor efficiency variance.
• B) An unfavorable total spending variance.
• C) A favorable production-volume variance.
• D) A favorable sales-volume variance.
• E) A favorable overhead budget variance.

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