Alapal Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHS). The company has provided the following data for the most recent month: Budgeted level of activity 7, eee MHS Actual level of activity 7,200 MHS Standard variable manufacturing overhead rate $ 9.40 per MH Budgeted fixed manufacturing overhead cost $ 40, eee Actual total variable manufacturing overhead $ 66,960 Actual total fixed manufacturing overhead $ 37,eee What was the total of the variable overhead rate and fixed manufacturing overhead budget varlances for the month? Multiple Choice $1.940 Favorable $3.720 Favorable $2.280 Unfavorable $1.880 Unfavorable