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    Managerial Accounting Study Set 15
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    Exam 4: Predetermined Overhead Rates and Overhead Analysis in a Standard Costing System
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    An Unfavorable Volume Variance Means That a Firm Operated at an Activity
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An Unfavorable Volume Variance Means That a Firm Operated at an Activity

Question 37

Question 37

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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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