Tyro Company has a standard cost system in which it applies manufacturing overhead to units of product on the basis of direct labour-hours (DLSs). The following information is available:
Actual total overhead costs
Actual fixed overhead costs
Budgeted fixed overhead costs
Actual hours worked
Standard hours allowed for the output
Variable overhead rate
$2.50 per DLH
Based on these data, what is the variable overhead spending variance?
a. $1,700 favourable.
b. $750 unfavourable.
c. $950 favourable.
d. $1,500 unfavourable.
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