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QUESTION
If variable overhead is applied on the basis of direct labor-hours and the variable overhead rate variance is favorable, then: standard variable...
If variable overhead is applied on the basis of direct labor-hours and the variable overhead rate variance is favorable, then: standard variable overhead rate exceeded the actual rate. standard direct labor-hours allowed for the actual output exceeded the actual hours. actual variable overhead rate exceeded the standard rate. actual direct labor-hours exceeded the standard direct labor-hours allowed for the actual output.
