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A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. The company bases its variable manufacturing overhead

A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. The company bases its variable manufacturing overhead standards on direct labor-hours. Standard hours per unit of output 4.70 DLHs Standard variable overhead rate $ 11.60 per DLH The following data pertain to operations for the last month: Actual direct labor-hours 8,600 DLHs Actual total variable manufacturing overhead cost $ 95,940 Actual output 1,700 units What is the variable overhead efficiency variance for the month? Multiple Choice $6,923 F $2,972 U $7,076 U $6,923 U

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