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Variable overhead spending and efficiency variances

Question: Variable Overhead Spending and Efficiency Variances, Columnar and Formula Approaches Gladys Company provided the following information:

Required: 1. Using the columnar approach, calculate the variable overhead spending and efficiency variances.

2. Using the formula approach, calculate the variable overhead spending variance.

3. Using the formula approach, calculate the variable overhead efficiency variance.

4. Calculate the total variable overhead variance.

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Accounting Basics: Variable overhead spending and efficiency variances

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Accounting Basics: Variable overhead spending and efficiency variances

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