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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
Wadding Corporation applies manufacturing overhead to products on the basis of standard machinehours. For the most recent month, the company based its budget on machinehours. Budgeted and actual overhead costs for the month appear below:
Original Budget Based on MachineHours Actual Costs
Variable overhead costs:
Supplies $ $
Indirect labor
Fixed overhead costs:
Supervision
Utilities
Factory depreciation
Total overhead cost $ $
The company actually worked machinehours during the month. The standard hours allowed for the actual output were machinehours for the month. What was the overall variable overhead efficiency variance for the month?
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