Assume that variable overhead is applied based on direct labor hours If direct labor efficiency variance is favorable by the amount of $10,000, which of the following is true A The variable overhead spending (price) variance is favorable B The variable overhead efficiency variance is favorable by the amount of $10,000 C The variable overhead resources were used less than expected D The variable overhead efficiency variance is favorable

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Question: Assume that variable overhead is applied based on direct labor hours. If direct labor efficiency variance is favorable by the amount of $10,000, which of

Assume that variable overhead is applied based on direct labor hours. If direct labor efficiency variance is favorable by the amount of $10,000, which of the following is true?

	A.	The variable overhead spending (price) variance is favorable.
	B.	The variable overhead efficiency variance is favorable by the amount of $10,000.
	C.	The variable overhead resources were used less than expected.
	D.	The variable overhead efficiency variance is favorable.

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