Question: 1) If actual hours worked > standard hours expected = unfavorable True False 2) If larger favorable variance is added to a smaller unfavorable variance,
1) If actual hours worked > standard hours expected = unfavorable True False 2) If larger favorable variance is added to a smaller unfavorable variance, this creates a total favorable variance True False 3) If a larger favorable variance is added to a smaller unfavorable variance, this creates a total unfavorable variance True False 4) Variable Overhead Rate variance - Variable Overhead Efficiency Variance = Total Variable Overhead Cost Variance True False 5) If actual variable overhead rate > standard variable overhead rate = favorable True False 6) There will never be difference between standard overhead fixed cost and actual overhead fixed cost True False 7) If actual price per unit standard rate per hour = favorable True False 9) If actual labor hours > standard labor hours = favorable True False
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