(Answered) Direct labor and variable overhead standards per finished

Accounting

Direct labor and variable overhead standards per finished unit for Century-Fox Metals Company are as follows: variable overhead, 10 hours at $2.00 per hour. During October, 5,000 units were produced. Direct labor hours used were 52,000 hours. Actual variable overhead costs were $109,200. Determine the spending variance and efficiency variance for variable overhead.

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