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Business, 12.03.2021 15:10 Geo777

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: $26,140 Actual machine-hours worked: 3,200 hours Variable overhead rate variance: $5,820 U Total variable overhead spending variance: $8,140 U The variable overhead efficiency variance for July is:

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