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Jones Company has the folLowing standards for its singLe product: standard price direct materials direct Labor variable overhead tandardquantit 11 pounds per unit 8 hours

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Jones Company has the folLowing standards for its singLe product: standard price direct materials direct Labor variable overhead tandardquantit 11 pounds per unit 8 hours per unit 8 hours per unit $4.25 per pound $14.00 per hour ?????? per hour Jones Company reported the following information for the month of October: 1. 9,140 units were produced 2. The direct material quantity variance was $36,295 favorable 3. The variable overhead spending variance was $1,520 favorable 4. The total direct labor variance was $7,140 unfavorable 5. Direct materials were purchased at a price of $4.60 per pound 6. The actual rate paid to direct laborers was $13.93 per hour 7. The actual variable overhead cost amounted to $627,480 8. At 0ctober 1, the direct materials inventory consisted of 2,000 pounds while the direct materials inventory at October 31 totaled 8,000 pounds. Calculate the total variable overhead variance for0ctober. If the varia nce is favorable, place a minus sign in front of your answer (i.e., -5000). If the variance is unfavorable, enter your answer as a number (i.e., 5000)

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