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In October, Martinez Inc. reports 42,900 actual direct labor hours and incurs $203,000 of manufacturing overhead costs. Standard hours allowed for the months production is

In October, Martinez Inc. reports 42,900 actual direct labor hours and incurs $203,000 of manufacturing overhead costs. Standard hours allowed for the month’s production is 42,600 hours. Martinez’s predetermined overhead rate is $5.00 per direct labor hour. 

Compute the total manufacturing overhead variance. 

Identify whether each variance is favorable or unfavorable.

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