Which of the following variances cannot occur together during the same accounting period? Select one: a Favorable labor rate variance and unfavorable total labor variance. b. Unfavorable labor rate variance and favorable labor efficiency variance. c Favorable labor efficiency variance and favorable material quantity variance. d. None of the other answers are correct, because all of these variance combinations are possible. e. Unfavorable labor efficiency variance and favorable material quantity

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 3PA: What makes a variance favorable? Give an example of a favorable variance involving materials. What...
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Which of the following variances cannot occur together during the same accounting period?
Select one:
a. Favorable labor rate variance and unfavorable total labor variance.
b. Unfavorable labor rate variance and favorable labor efficiency variance.
c. Favorable labor efficiency variance and favorable material quantity variance.
d. None of the other answers are correct, because all of these variance combinations are possible.
e. Unfavorable labor efficiency variance and favorable material quantity
Transcribed Image Text:Which of the following variances cannot occur together during the same accounting period? Select one: a. Favorable labor rate variance and unfavorable total labor variance. b. Unfavorable labor rate variance and favorable labor efficiency variance. c. Favorable labor efficiency variance and favorable material quantity variance. d. None of the other answers are correct, because all of these variance combinations are possible. e. Unfavorable labor efficiency variance and favorable material quantity
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