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The Dodge Company makes and sells a single product and uses a standard cost system...

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Accounting

image The Dodge Company makes and sells a single product and uses a standard cost system in which manufacturing overhead costs are applied to units of product on the basis of direct labor-hours. The standard cost card shows that 5 direct labor-hours are required per unit of product. The Dodge Company had the following budgeted and actual data for the year: Compute the variable overhead efficiency variance

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