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Business, 25.03.2021 23:30 Adolfosbaby

Coral Corporation uses a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company has provided the following data for the most recent month: Budgeted level of activity 8,600 machine-hours Actual level of activity 8,800 machine-hours Standard variable manufacturing overhead rate $7.30 per machine-hour Actual total variable manufacturing overhead $61,770 What was the variable overhead rate variance for the month

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