A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. The company bases its variable manufacturing overhead standards on direct labor-hours.Standard hours per unit of output 4.30 direct labor-hoursStandard variable overhead rate $11.56 per direct labor-hourThe following data pertain to operations for the last month:Actual direct labor-hours 8,700 direct labor-hoursActual total variable manufacturing overhead cost $ 95,900 Actual output 2,000 unitsWhat is the variable overhead rate variance for the month?
