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Jefferson Company uses the following standard to produce a single unit of its product: variable...

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Accounting

Jefferson Company uses the following standard to produce a single unit of its product: variable overhead $7.40 (2 hours per unit @ $3.70/hour). Actual data for the month show variable overhead costs of $189,480, and 24,700 units produced. The total variable overhead variance is:

Multiple Choice

$6,700F.

$6,700U.

$98,090U.

$98,090F.

$0.

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