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31*. Burnet Company applies overhead based on direct labor hours. The variable overhead standard is...

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Accounting

31*. Burnet Company applies overhead based on direct labor hours. The variable overhead standard is 10 hours at $3.50 per hour. During October, Burnet Company spent $157,600 for variable overhead. 47,440 labor hours were used to produce 4,800 units. What is the variable overhead efficiency variance? A. $8,440 favorable B. $8,440 unfavorable C. $1,960 favorable D. $1,960 unfavorable

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