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Use the information below to answer the following question(s) .Michelle Inc.uses a level 4-variance analysis of its manufacturing overhead costs, and has the following results for April.A.Budgeted direct labour-hours per unit is used to allocate variable manufacturing overhead.Fixed overhead is allocated on a per unit basis.
b.Budgeted amounts for April are:
C.Actual amounts for April are:
-What is the variable manufacturing overhead efficiency variance?
Outlier
An observation in data that is significantly distant from the rest of the observations, often indicating a measurement or entry error, or a novel or extreme value.
Positively Associated
A relationship between two variables where they move in the same direction, implying that as one variable increases, the other one also increases.
Above-average Values
Above-average values refer to data points or observations that exceed the average or mean value of the data set.
Scatterplot
A scatterplot is a graphical representation used to display the relationship between two variables, with data points plotted on a Cartesian coordinate system.
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