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A corporation has a standard cost system in which it applies manufacturing overhead to products...

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Accounting

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A corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MH). The company has provided the following data for the most recent month 8300MHS 8500MHS $ Budgeted level of activity Actual level of activity Standard variable manufacturing overhead rate Actual total variable manufacturing overhead 7.0Oper MH $ 57,120 What was the variable overhead rate variance for the month

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