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Wadding Corporation applies manufacturing overhead to products on the basis of standard machine-hours. For the most recent month, the company based its budget on 5,000

Wadding Corporation applies manufacturing overhead to products on the basis of standard machine-hours. For the most recent month, the company based its budget on 5,000 machine-hours. Budgeted and actual overhead costs for the month appear below:

Original Budget Based on 5,000 Machine-Hours Actual Costs
Variable overhead costs:
Supplies $ 12,500 $ 13,230
Indirect labor 46,000 50,250
Fixed overhead costs:
Supervision 21,100 20,740
Utilities 7,300 7,310
Factory depreciation 8,300 8,610
Total overhead cost $ 95,200 $ 100,140

The company actually worked 5,020 machine-hours during the month. The standard hours allowed for the actual output were 5,010 machine-hours for the month. What was the overall variable overhead efficiency variance for the month?

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