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Priority Company, which applies overhead to production on the basis of machine hours, reported the following data for the period just ended: Actual units produced:
Priority Company, which applies overhead to production on the basis of machine hours, reported the following data for the period just ended: Actual units produced: 12,000 Actual variable overhead incurred: $50,400 Actual machine hours worked: 17,000 Standard variable overhead cost per machine hour: $3.10 If Priority estimates 1.60 hours to manufacture a completed unit, the company's variable-overhead efficiency variance is
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