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What is the overhead flexible-budget variance

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1. What is the overhead flexible-budget variance?

2. "The direction of a variance (favorable or unfavorable) is irrelevant in decisions on whether or not to investigate the variance." Do you agree? Why or why not?

3. "As long as the total actual factory overhead is not significantly different from the total standard applied factory overhead for the period, there is no need to conduct further analyses of the factory overhead variance." Do you agree? Why or why not?

Reference no: EM13876620

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