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Jefferson Company uses the following standard to produce a single unit of its product: variable overhead $7.00 (2 hours per unit @ $3.50/hour). Actual data
Jefferson Company uses the following standard to produce a single unit of its product: variable overhead $7.00 (2 hours per unit @ $3.50/hour). Actual data for the month show variable overhead costs of $178,000, and 24,500 units produced. The total variable overhead variance is:
Multiple Choice
$6,500F.
$6,500U.
$92,250U.
$92,250F.
$0.
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