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Assume the following: - The variable portion of the predetermined overhead rate is $1.50 per direct labor-hour. - The standard labor-hours allowed per unit of

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Assume the following: - The variable portion of the predetermined overhead rate is $1.50 per direct labor-hour. - The standard labor-hours allowed per unit of finished goods is 3 hours. - The actual quantity of labor hours worked during the period was 43,750 hours. - The total actual variable manufacturing overhead cost for the period was $63,000. - The company produced 15,000 units of finished goods during the period. What is the variable overhead rate variance? Multiple Choice $4,500F $2.625F $4,500U $2,625U

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