Question: At the beginning of last year Creative Productions set variable
At the beginning of last year, Creative Productions set variable overhead standards of 5 machine hours at a rate of $15 per hour for each product produced. During the year, 4,800 machine hours were used at a cost of $15.10 per hour. Using this information and the applicable information in E6A, calculate the company’s variable overhead spending and efficiency variances for the year.
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