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Problem 1: Use the following data to determine the company's variable overhead spending variance for March.
Budgeted fixed overhead for March $ 100 000
Actual fixed overhead for March $ 120 000
Actual variable overhead for March $ 39 500
Direct labour hours worked in March 5 000
Standard direct labour hours allowed for March production 5 500
Standard variable overhead cost per direct labour hour $ 8.00
Standard fixed overhead cost per direct labour hour $ 20.00
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