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Tropic Inc. applies overhead based on machine hours. At the beginning of 2021 Tropic estimated...

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Accounting

Tropic Inc. applies overhead based on machine hours. At the beginning of 2021 Tropic estimated overhead to be $400,000, machine hours to be 25,000, and direct labor hours to be 40,000. During May, Opal recorded 3,000 actual direct labor hours and 2,200 actual machine hours. If actual overhead cost for May os $33,750, what is the overhead variance for the month

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