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When we compare Actual Productionof company with regard to standard budget we found out the below result The total variance of variable manufacturing overhead =

When we compareActual Productionof company with regard to standard budget we found out the below result

The total variance of variable manufacturing overhead = 10000 $favorable;Variable overhead rate variance= 80000 $favorable; Variable overhead efficiency variance:= 70,000$ Unfavorable,

Please interpret these Variable overhead variances? what management could do to align the labor variance back in line with the standard?

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