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Business, 17.06.2020 22:57 Angelofpink2590

The Maxit Corporation has a standard costing system in which variable manufacturing overhead is assigned to production on the basis of standard machine-hours. The following data are available for July: Actual variable manufacturing overhead cost incurred: $25,480 Actual machine-hours worked: 2,900 hours Variable overhead rate variance: $5,370 U Total variable overhead spending variance: $7,480 U The variable overhead efficiency variance for July is:

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