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 Standard variable overhead rate 2.90 machine-hours $10.65 per machine-hour The following data pertain to operations for the last month: Actual hours 9,700 $95,750 Actual total variable manufacturing overhead cost Actual output What is the variable overhead efficiency variance for the month? $7,932 U $29,181 U $5,893 U $5,893 F machine- hours 2,400 units Oddo Corporation makes a product with the following standard costs; Standard Quantity or Standard Price or Rate Standard Cost Per Unit Hours Direct materials 4.0 ounces $7.60 per ounce $30,40 Direct labor 0.6 hours $21.00 per hour $12.60 Variable overhead 0.6 hours $7.00 per hour $4.20 The company reported the following results concerning this product in December. Originally budgeted output 4,460 units Actual output 4,260 units Raw materials used in production 17,410 ounces Actual direct labor-hours 2,926 hours Purchases of raw materials 19,150 ounces Actual price of raw materials $7.40 per ounce Actual direct labor rate $18.90 per hour Actual variable overhead rate $7.20 per hour The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for December is: $2,738 U $2,738 F $2,812 U $2,812 F