Dooley Company has the following information available for variable overhead costs. Direct labor hours are the cost driver for variable overhead costs.

Actual variable overhead costs $4,700

Standard variable overhead costs $1.20 per hour

Actual direct labor hours 3,750 hours

Standard direct labor hours per unit 5 hours

Units produced 700

What is the variable overhead efficiency variance?

A) $300 Favorable

B) $300 Unfavorable

C) $500 Favorable

D) $500 Unfavorable