A company applies overhead using machine hours and shows the following information. Compute the variable overhead variance.

Actual hours of machine use $9,700$ hours

Standard hours of machine use $($for actual production$)10,300$ hours

Actual variable overhead rate per machine hours $$4\mathrm{.}30$

Standard variable overhead rate per machine hour $$4\mathrm{.}15$

Multiple Choice

$$4,035$U$.$

$$4,035$F$.$

$$1,035$F$.$

$$1,035$U$.$

$$2,580$U$.$