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Which of the following statements is true?There can be no volume variance for variable manufacturing...

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Question

Accounting

Which of the following statements is true?
There can be no volume variance for variable manufacturing overhead.
An unfavorable volume variance means the company operated at an activity level greater than planned for the period.
Multiple Choice
Only statement 1 is true.
Only statement 2 is true.
Both statements are true.
Neither statement is true.

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