Question: 1. manufacturing margin less variable selling and administrative expenses = contribution margin. true or false 2. variable costing for service businesses do not report a

1. manufacturing margin less variable selling and administrative expenses = contribution margin. true or false

2. variable costing for service businesses do not report a manufacturing margin. true or false

3. a favorable variance is when the actual is greater than the standard. true or false

4. the direct labor rate variance= (actual rate per hour less standard rate per hour) times actual hours. true or false

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