Question: 2. [Answer & Solving Process] Tiger Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard

2. [Answer & Solving Process] Tiger Corporation has a standard cost

2. [Answer & Solving Process] Tiger Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company has provided the following data for the most recent month: Budgeted level of activity Actual level of activity Standard variable manufacturing overhead rate Actual total variable manufacturing overhead 9,400 MHs 9,600 MHs $8.10 per MH $75,050 What was the variable overhead rate variance for the month? 1 $1,090 Favorable 2 $2,710 Favorable 3 $1,620 Unfavorable 4 $1,090 Unfavorable 5 $2,710 Unfavorable

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