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  3. which of the following statements is true? the var

Which of the following statements is true? The variable overhead efficiency variance measures the difference...

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Accounting

Which of the following statements is true?
The variable overhead efficiency variance measures the difference between
the actual level of activity and the standard activity allowed for the actual
output, multiplied by the fixed part of the predetermined overhead rate.
If demand is insufficient to keep everyone busy and workers are not laid
off, an unfavorable (U) variable overhead efficiency variance often will be a
result unless managers build excessive inventories.
Neither statement is true.
Both statements are true.
Only statement 1 is true.
Only statement 2 is true.
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