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Calculate variable overhead spending and efficiency variance

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Reference no: EM133162101

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

Actual production 11,000 packages

Budgeted production 12,500 packages

Standard direct labor hours 0.6 direct labor hours per package

Actual direct labor hours 7,600

Standard variable overhead rate $2 per direct labor hour

Actual variable overhead costs $14,910

Required - Calculate the variable overhead spending and efficiency variances.

Reference no: EM133162101

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