Question: Variable Overhead Efficiency Variance Calculation : Calculate the variable overhead efficiency variance given the following information: standard hours allowed for actual production 2,000 hours, actual

  1. Variable Overhead Efficiency Variance Calculation: Calculate the variable overhead efficiency variance given the following information: standard hours allowed for actual production 2,000 hours, actual hours worked 2,100 hours, and variable overhead rate $5 per hour. What does this variance indicate about efficiency?

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