Question: The standard variable overhead rate is $ 5 per machine hour, and each unit is expected to require 2 machine hours. During the month, the

The standard variable overhead rate is $5 per machine hour, and each unit is expected to require 2 machine hours. During the month, the company produced 500 units, used 1,100 machine hours, and incurred variable overhead costs of $5,500. What is the variable overhead efficiency variance? $250 Favorable $500 Unfavorable $250 Unfavorable $500 Favorable

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