The following data have been provided by Moretta Corporation…
The following data have been provided by Moretta Corporation, a company that produces forklift trucks:Budgeted production 3,400 trucksStandard machine-hours per truck 2.9 machine-hoursStandard supplies cost $1.50 per machine-hourActual production 3,800 trucksActual machine-hours 10,930 machine-hoursActual supplies cost (total) $17,496Supplies cost is an element of variable manufacturing overhead. The variable overhead efficiency variance for supplies cost is: