Termeer Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.
The company has reported the following actual results for the product for August:
-The variable overhead rate variance for the month is closest to:
Definitions:
Proposition
A statement or assertion that expresses a judgment or opinion which can be true or false.
Verb
A word that describes an action, occurrence, or state of being.
Passive
A grammatical voice that emphasizes the action being performed upon the subject rather than by the subject.
Equivalent
Identical in worth, role, or significance.
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