69. Viger Corporation has a standard cost system in which it applios my nas provided the applies manufacturing overhead to e company has provided the products on the basis of standard machine-hours (MHs). Th following data for the most recent month: Budgeted level of activity Actual level of activity Standard variable manufacturing overhead rate Actual total variable manufacturing overhead 9,700 MHs 9,900 MHs S 6.30 per MH S 60,390 What was the variable overhead rate variance for the month? A) $2,000 Favorable B) $720 Favorable C) $1,260 Unfavorable D) $1,980 Favorable Formula: Variable overhead rate variance (AH x AR)-(AH x SR)