ABC Inc. spent a total of $50,480 on factory overhead. Of this, $28,000 was fixed overhead. ABC Inc. had budgeted $27,000 for fixed overhead. Actual machine hours were 5,200. Standard hours for units made were 5,000. The standard variable overhead rate was $4.40.

What is the variable overhead rate variance? Enter the amount as positive number.

Variable overhead rate variance

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