Answer the following questions using the information below: …
Answer the following questions using the information below: Russo Corporation manufactured 16,000 air conditioners during November. The overhead cost-allocation base is $31.50 per machine-hour. The following variable overhead data pertain to November:ActualBudgetedProduction16,000 units18,000 unitsMachine-hours7,875 hours9,000 hoursVariable overhead cost per machine-hour:$31.00$31.50What is the variable overhead spending variance?