Variable Overhead Efficiency Variance for Supplies
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Question:
Geschke Corporation, which produces commercial safes, has provided the following data:
Budgeted production 7,800 safes
Standard machine-hours per safe 8.9 machine-hours
Standard supplies cost $1.3 per machine-hour
Actual production 8,700 safes
Actual machine-hours 79,300 machine-hours
Actual supplies cost $123,622
The variable overhead efficiency variance for supplies is?
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Solution Summary
The solution explains step-by-step how to calculate the variable overhead efficiency variance.
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Variable overhead efficiency variance = (Actual Hours - Standard ...
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