Question: Please show step by step how to solve. Grant Parker, manager of Denver Company, wants to compute the variable overhead efficiency variance for the year.

Please show step by step how to solve.

Grant Parker, manager of Denver Company, wants to compute the variable overhead efficiency variance for the year. He has the following details:

Variable overhead flexible budget variance (unfavorable)

$47,250

Budgeted input quantity allowed for actual output

9,000 units

Actual input quantity used of cost-allocation base used

10,125 units

Budgeted variable overhead cost per unit of cost-allocation base

$60

Actual variable overhead cost per unit of cost-allocation base

$58

What will be the variable overhead efficiency variance for the year? Favorable or unfavorable?

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