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Compute the variable overhead rate and efficiency variances. I need to know what relation can you see between the efficiency variance and the labor efficiency
Compute the variable overhead rate and efficiency variances. I need to know what relation can you see between the efficiency variance and the labor efficiency variance. see below for the computed variances. Variable overhead rate variance = $1,400 Favorable ; Variance overhead efficiency variance = $1,225 Unfavorable
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
