Underfoot Products uses standard costing.The following information about overhead was generated during May: 
-Using the above information provided for Underfoot Products,compute the variable overhead efficiency variance.
Definitions:
Trend Analysis
A method of financial analysis that allows one to predict future movements based on historical data.
Cost Of Goods Sold
The expenses directly associated with the manufacturing of products sold by a business, which include the costs of both materials and labor.
Percentage Increase
A measure of how much a quantity has grown, expressed as a percentage of its previous value.
Financial Statement Analysis
The process of examining and interpreting a company’s financial statements to gauge its performance, strength, and profitability.
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