The following standards for variable manufacturing overhead have been established for a company that makes only one product:
| Standard hours per unit of output |
3.30 |
hours |
| Standard variable overhead rate |
$10.65 |
per hour |
| The following data pertain to operations for the last month: |
| Actual hours |
9,300 |
hours |
| Actual total labor cost |
$95,790 |
|
| Actual output |
2,600 |
units |
What is the variable overhead rate variance for the month?