E JODO2 An assumption of the FIFO process-costing method is that: O the units in beginning inventory are assumed to be completed first no calculation of conversion costs is possible the units in beginning inventory are not necessarily assumed to be completed by the end of the period O ending inventory will always be completed in the next accounting period 3 * Cold Products Corporation manufactured 27,000 ice chests during September. The variable overhead cost-allocation base is $11.75 per machine-hour. The following variable overhead data pertain to September: Actual Budgeted Production 27,000 units 26.000 units Machine-hours 13.500 hours 7,800 hours Variable overhead cost per machine-hour: $11.25 $11.75 What is the variable overhead efficiency variance? 07/30 HUU 1,000 hours Variable overhead cost per machine-hour: $11.25 $11.75 What is the variable overhead efficiency variance? $56,700 unfavorable $63,450 unfavorable $66,975 unfavorable $6,750 favorable j 4 has two divisions: the electronics division and the sub-assembly which ha