Cost Accounting Quiz
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BUDGETING AND PLANNING
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Global Manufacturing uses a flexible budget system for evaluating departmental performance. The Assembly Department's overhead cost equation is: Total Cost = $45,000 + $25 per machine hour. The department had the following data for June: Static budget: 2,000 machine hours, Actual machine hours: 1,900, Standard machine hours for actual production: 1,850, Actual total overhead costs: $91,200.
What is the efficiency variance for the Assembly Department's variable overhead in June?
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