Cabot Company collected the following data regarding production of one of its products.Compute the variable overhead efficiency variance. 
Definitions:
Risk Assessment
Involves identifying, analyzing, and evaluating uncertainty in investment decisions.
Credit Analysis
The process of evaluating an individual's or entity's ability to repay a loan or meet financial obligations.
Default
The failure to meet the legal obligations or conditions of a loan or other financial agreement, such as not making scheduled payments.
Credit Customer
An individual or entity that purchases goods or services on credit, with an agreement to pay at a later date.
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