Abbott has a standard variable overhead rate of $4.50 per machine hour, and each unit...
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Accounting
Abbott has a standard variable overhead rate of $4.50 per machine hour, and each unit produced has a standard time allowed of three hours. The company's static budget was based on 46,000 units. Actual results for the year follow. Actual units produced: 42,000 Actual machine hours worked: 120,000 Actual variable overhead incurred: $520,000 Abbott's variable-overhead efficiency variance is:
$20,000 favorable.
$20,000 unfavorable.
$27,000 favorable.
$27,000 unfavorable.
None of the other answers are correct.
show detiled work please
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