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Calculate variable overhead spending and efficiency variance

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Reference no: EM132950060

Question - The following information is available for Vaughn's Hot Dogs:

Actual production 12,070 packages

Budgeted production 12,500 packages

Standard direct labor hours 1.2 direct labor hours per package

Actual direct labor hours 15,510

Standard variable overhead rate $5 per direct labor hour

Actual variable overhead costs $69,530

Required - Calculate the variable overhead spending and efficiency variances.

Reference no: EM132950060

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