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99.) A company applies variable overhead with a standard rate of $5.75 per direct labor hour (assume there is no fixed overhead for this problem).

99.) A company applies variable overhead with a standard rate of $5.75 per direct labor hour (assume there is no fixed overhead for this problem). The firm's static budget predicted 600,150 finished goods units (and the standard is for 0.5 direct labor hours to be used per finished good unit).

The firm actually produced 590,000 finished goods, and actual total variable overhead costs were $1,750,000.

What is the firm's variable overhead price variance? (Round final answer to nearest cent)

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