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If variable manufacturing overhead is applied on the basis of direct labor-hours and the variable...

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Accounting

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

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