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Bonnie Company applies overhead based on machine hours. The variable overhead standard is 15 hours...

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Accounting

Bonnie Company applies overhead based on machine hours. The variable overhead standard is 15 hours at $10 per hour. During March, Bonnie spent $208,300 for variable overhead, and 13,000 machine hours were used to produce 500 units. What is the variable overhead efficiency variance? Multiple Choice $55,000 unfavorable $133,300 unfavorable $78,300 unfavorable $55,000 favorable

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