Question: The data below is given for a manufacturer: Standard variable overhead rate $27 per machine hour Standard quantity of machine hours 2.3 hours per unit

The data below is given for a manufacturer:

Standard variable overhead rate$27 per machine hour
Standard quantity of machine hours2.3 hours per unit of output
Budgeted fixed overhead$270,000
Budgeted output15,000 units

Actual results are as follows:

Actual output13,500 units
Actual variable overhead$757,350
Actual fixed overhead$274,500
Actual machine time29,700 machine hours

What is the variable overhead efficiency variance?

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