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Venus Company applies overhead based on direct labor hours. The variable overhead standard is 10 hours at $3.50 per hour. During October, Venus company spent
Venus Company applies overhead based on direct labor hours. The variable overhead standard is 10 hours at $3.50 per hour. During October, Venus company spent $157,600 for variable overhead. 47,440 labor hours were used to produce 4,880 units. What is the over or under applied variable overhead ?
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