Bulluck Corporation makes a product with the following standard costs:

	Standard Quantity or Hours		Standard Price or Rate
Direct materials	4.90	grams	$ 2.40	per gram
Direct labor	0.90	hours	$ 25.00	per hour
Variable overhead	0.90	hours	$ 3.40	per hour

The company reported the following results concerning this product in July.

Actual output	4,400	units
Raw materials used in production	12,770	grams
Actual direct labor-hours	3,800	hours
Purchases of raw materials	13,500	grams
Actual price of raw materials purchased	$ 2.60	per gram
Actual direct labor rate	$ 12.80	per hour
Actual variable overhead rate	$ 3.50	per hour

The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

The variable overhead efficiency variance for July is:

Multiple Choice

$544 F

$560 U

$560 F

$544 U