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The following data have been provided by Lopus Corporation 10 Budgeted production Standard machine-hours per unit Standard lu
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Answer #1

Variable overhead rate variance = Actual overhead - (Actual hours * Standard rate)

Variable overhead rate variance
Lubricants $1,271 U [$47,069 - (8,980 * $5.1)]
Supplies $451 F [$33,673 - ($8,980 * $3.8)]
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