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Trilite Windows manufactures windows.The current year operating budget is based on production of 56,000 windows with 1.0 machine hours allowed per window.Variable manufacturing overhead is anticipated to be $896,000.Actual production for was 58,000 windows using 60,000 machine hours.Actual variable costs were $15 per machine hour.Required:
Determine the variable overhead rate and efficiency variances.
Manufacturer
A person or company that makes goods for sale through the process of combining raw materials and components.
Net Operating Income
The profit generated from a company's regular business operations, excluding expenses and revenues from non-operating activities.
Monthly Sales
Monthly sales represent the total revenue or units sold by a business within a calendar month, often used to gauge performance and trends.
Operating Leverage
A measure of the proportion of fixed costs in a company's cost structure, indicating how a change in sales volume will affect operating income.
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