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Martin Company, which applies overhead to production on the basis of machine hours, reported the following data for the period just ended: Actual units produced:
Martin Company, which applies overhead to production on the basis of machine hours, reported the following data for the period just ended:
Actual units produced: 8,100
Actual variable overhead incurred: $54,000
Actual machine hours worked: 16,000
Standard variable overhead cost per machine hour: $5
If Martin estimates two hours to manufacture a completed unit, the company's variable-overhead efficiency variance is favroable by:
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