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Business, 06.05.2020 01:03 aprilreneeclaroxob0c

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 4,700 machine-hours. Budgeted and actual overhead costs for the month appear below:

Original Budget Actual Costs
Variable overhead costs:
Supplies $ 11,680 $ 12,930
Indirect labor 41,900 42,800
Fixed overhead costs:
Supervision 20,800 20,440
Utilities 7,000 6,980
Factory depreciation 8,000 8,310
Total overhead cost $ 89,380 $ 91,460

The company actually worked 4,740 machine-hours during the month. The standard hours allowed for the actual output were 4,730 machine-hours for the month.

What was the overall variable overhead efficiency variance for the month? (Round your intermediate calculations to 2 decimal places.)

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