Question: Calculate variable overhead spending variance if actual labour hours used are 260, standard variable overhead rate is $19.30 per direct labour hour and actual variable

  1. Calculate variable overhead spending variance if actual labour hours used are 260, standard variable overhead rate is $19.30 per direct labour hour and actual variable overhead rate is $13.30 per direct labour hour. Also specify whether the variance is favorable or unfavorable. (3 marks)

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