Question: A s a general accountant, you are responsible for preparing performance reports. I f the report shows that all variances are Favorable, does i t

As a general accountant, you are responsible for preparing performance reports. If the report shows that all variances are Favorable, does it mean that the manufacturing process for the period is efficient? What if all the variances are Unfavorable? Does it mean itis inefficient in using resources? Justify your answers

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