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Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below Mosaic Company applies overhead using machine hours and reports the following information. Actual machine hours used (AH) Standard machine hour (for actual production) (SH) Actual variable overhead rate per hour (AVR) Standard variable overhead rate per hour (SVR) 5, 500 5,950 s 4.85 $ 4.70 hours hur QS 21-18A Total variable overhead cost variance LO P4 Compute the total variable overhead cost variance and classify it as favorable or unfavorable Actual ost Standard Cost
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