Question: Please explain the solution to this general accounting problem with accurate explanations. The following standards for variable overhead have been established for a manufacturing company:

Please explain the solution to this general accounting problem with accurate explanations.

The following standards for variable overhead have been established for a manufacturing company: Standard hours per unit of output: 3.0 hours Standard variable overhead rate: $12 per hour The following data pertain to operations for the last quarter: Actual hours: 5,400 hours Actual tatal variable overhead cost: $68,000 Actual output: 1,750 units What is the variable overhead rate variance for the quarter

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