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Use the Information Below to Answer the Following Question(s)

question 166

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Use the information below to answer the following question(s) .
Willis Corporation manufactures industrial-sized gas furnaces and uses budgeted machine-hours to allocate variable manufacturing overhead. The following information pertains to the company's manufacturing overhead data:
Use the information below to answer the following question(s) . Willis Corporation manufactures industrial-sized gas furnaces and uses budgeted machine-hours to allocate variable manufacturing overhead. The following information pertains to the company's manufacturing overhead data:    -What is the variable overhead efficiency variance? A)  $8,600 favourable B)  $8,600 unfavourable C)  $141,900 favourable D)  $141,900 unfavourable
-What is the variable overhead efficiency variance?

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Definitions:

Independent Variable

A variable in an experiment or model that is manipulated or changed to assess its effects on a dependent variable.

Scattergraph

A graphical representation used in cost accounting to show the relationship between a cost (dependent variable) and its driver (independent variable).

Contribution Margin Ratio

The proportion of sales revenue that remains after variable costs are subtracted, represented as a percentage of total sales.

Selling Price

The amount of money for which a product or service is sold to customers.

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