Tropic Company has a standard variable overhead rate of $3.5 per machine hour. It takes 4 machine hours to produce each completed unit. A review of the company’s accounting records found the following: Actual variable overhead: $205,000 Variable-overhead efficiency variance: $17,500U Variable-overhead spending variance: $29,000F How many units did Tropic actually produce during the period?
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Tropic Company has a standard variable overhead rate of $3.5 per machine hour. It takes 4 machine hours to produce each completed unit.
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