Pippin 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 June:
-The variable overhead efficiency variance for the month is closest to:
Definitions:
Securities Act
A U.S. law enacted in 1933 that requires that investors receive financial and other significant information concerning securities being offered for public sale.
Financial Instruments
Contracts that give rise to both a financial asset of one entity and a financial liability or equity instrument of another entity, including stocks, bonds, and derivatives.
Corporate Expansion
The process by which a company grows through increasing sales, acquiring new businesses, or entering new markets.
Securities Transactions
Deals or operations involving the buying, selling, or exchange of securities, such as stocks and bonds, between parties.
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