Dirickson Incorporated has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Standard Quantity or Inputs Direct materials Direct labor Variable manufacturing overhead Hours per Unit Standard Price or of Output Rate 7.6 ounces 0.10 hours $ 9.40 per ounce $ 18.00 per hour 0.10 hours The company has reported the following actual results for the product for July: Actual output Raw materials purchased Actual cost of raw materials purchased Raw materials used in production Actual direct labor-hours. Actual direct labor cost Actual variable overhead cost The variable overhead rate variance for the month is closest to: $ 5.30 per hour 7,600 units 63,000 ounces $ 541,800 57,750 ounces 820 hours $ 16,072 $ 4,592