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    Managerial Accounting for Managers Study Set 1
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    Exam 21: Predetermined Overhead Rates and Overhead Analysis in a Standard Costing System
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    (Appendix 11A)An Unfavorable Volume Variance Means That a Firm Operated
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(Appendix 11A)An Unfavorable Volume Variance Means That a Firm Operated

Question 106

Question 106

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(Appendix 11A)An unfavorable volume variance means that a firm operated at an activity level that was below the activity level planned for the period.

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