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Calculate the variable overhead efficiency variance

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Question: The Upton Company employs a standard costing system in which variable overhead is assigned to production based on direct labour hours. Data for the month of February include the following:

• Variable manufacturing overhead cost incurred: $48,700

• Total variable overhead variance: $300 F

• Standard hours allowed for actual production: 7,000

• Actual direct labour hours worked: 6,840

The variable overhead efficiency variance is.

Reference no: EM132757653

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