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Fluegge 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 December:
-The variable overhead efficiency variance for the month is closest to:
Watergate
A major political scandal in the United States involving the Nixon administration's attempted cover-up of its involvement in the 1972 break-in at the Democratic National Committee headquarters.
Equal Rights Amendment
A proposed amendment to the United States Constitution aimed at guaranteeing equal legal rights for all American citizens regardless of gender.
Iranian Hostage Crisis
A 444-day period during which American embassy staff were held captive from November 4, 1979, to January 20, 1981, by a group of Iranian college students who supported the Iranian Revolution.
Carter Administration
The executive period from 1977-1981 when Jimmy Carter served as the President of the United States, notable for its emphasis on human rights.
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