Question: 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

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 it is inefficient in using resources? Justify your answers.

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