Assume the following information appears in the standard cost card for a company that makes only one product: 22 Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Hours 5 pounds 2 hours 2 hours Standard Price Or Rata $11.00 per pound $17.00 per hour $ 3.00 per hour Standard Cont $ 55.00 $34.00 $ 6.00 During the most recent period, the following actional Information was available . 20,000 pounds of material was purchased at a cost of $10.50 per pound . All of the material that was purchased was used to produce 3.900 units 8.000 direct labor-hours were recorded at a total cost of $132.000 . The actual variable overhead cost incurred during the period was $25,450 Assuming the company uses direct labor hours to compute its predetermined overheed rate, what is the variable overhead race variance? Multiple Choke 52.050 F $2.050 $1,450