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ABC Co. applies overhead to production on the basis of machine hours, reported the following data for the period just ended: Actual units produced: 13,000

ABC Co. applies overhead to production on the basis of machine hours, reported the following data for the period just ended:

Actual units produced: 13,000

Actual variable overhead incurred: $68,700

Actual machine hours worked: 17,925

Standard variable overhead cost per machine hour: $4.30

If ABC Co. estimates 1.30 hours to manufacture a completed unit, the company's variable-overhead spending variance is:

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