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    Managerial Accounting Study Set 23
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    Exam 10: Standard Costs and Variances
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    The Labor Efficiency Variance Is Labeled Favorable (F) If the Actual
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The Labor Efficiency Variance Is Labeled Favorable (F) If the Actual

Question 157

Question 157

True/False

The labor efficiency variance is labeled favorable (F) if the actual hours used is less than the standard hours allowed for the actual output.

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