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 Inputs Direct materials Direct labor Variable nanufacturing overhead Standard Quantity or Hours per Unit of Output 7.6 ounces 0.10 hours 0.10 hours The company has reported the following actual results for the product for July Actual output Bav nateriale purchased Actual cost of raw materials purchased Raw materials used in production Actual direct labor-houES Actual direct labor cost Actual variable overhead cost Standard Price or Rate $ 3.40 per ce 5 18.00 per hour $ 5.30 per hour 7,600 units 63,000 ounces $ 541,800 57.750 ounces 820 hours $ 16,072 The variable overhead efficiency variance for the month is closest to $4,592