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

Standard hours per unit of output	3.30	hours
Standard variable overhead rate	$10.65	per hour

The following data pertain to operations for the last month:

Actual hours	9,300	hours
Actual total labor cost	$95,790
Actual output	2,600	units

What is the variable overhead rate variance for the month?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9955480

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