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A manufacturing company that has only one product has established the following standards for its...

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Accounting

A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. Variable manufacturing overhead standards are based on machine-hours.

Standard hours per unit of output 2.90 machine-hours
Standard variable overhead rate $10.65 per machine-hour

The following data pertain to operations for the last month:

Actual hours 9,700 machine-hours
Actual total variable manufacturing overhead cost $95,750
Actual output 2,400 units

What is the variable overhead rate variance for the month?

$7,555 F

$7,836 F

$7,555 U

$7,836 U

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