Question: Variable overhead cost variance. Describe what the variable overhead cost variance determines for a company and what it means if: a) it is favorable b)

Variable overhead cost variance.

Describe what the variable overhead cost variance determines for a company

and what it means if:

a) it is favorable

b) it is unfavorable

Reference if needed: Miller-Nobles, T. L., Mattison, B. L., & Matsumura, E. M. (2018).Horngren's accounting:The managerial chapters plus MyLab Accounting with Pearson eText(12th ed.). Pearson.

PLEASE ANSWER ALL 3 PARTS OF THE QUESTION. THANK YOU!!

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