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What is the variable overhead efficiency variance

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Reference no: EM133087619

Question - The following standards for the variable manufacturing overhead have been established for a company that makes only one product:

Standard hours per unit of output 7.0 hours

Standard variable overhead rate $11.35 per hour

The following data pertain to operations for the last month:

Actual hours 7,500 hours

Actual total variable overhead cost $87,000

Actual output 1,000 units

Required - What is the variable overhead efficiency variance for the month?

Reference no: EM133087619

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