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The Following Standards for Variable Manufacturing Overhead Have Been Established \quad

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The following standards for variable manufacturing overhead have been established for a company that makes only one product:Standard hours per unit of output \quad \quad 7.0 hours
Standard variable overhead rate \quad \quad £ 11.35 per hour
The following data pertain to operations for the last month:  Actual hours 7,500 hours  Actual total variable overhead cost £87,000 Actual output 1,000 units \begin{array}{ll}\text { Actual hours } & 7,500 \text { hours } \\\text { Actual total variable overhead cost } & £ 87,000 \\\text { Actual output } & 1,000 \text { units }\end{array}
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What is the variable overhead efficiency variance for the month


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