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What is the variable overhead spending variance

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Reference no: EM131744112

Problem - Company uses standard costing.

Overhead information for last quarter of the year:

Actual overhead incurred:

Fixed $10,500

Variable $66,810

Budgeted fixed overhead $11,000

Variable overhead rate per direct labor hour $5

Standard hours allowed for actual production 13,100

Actual labor hours used 13,000

A. What is the variable overhead spending variance?

B. What is the variable overhead efficiency variance?

Reference no: EM131744112

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