Fletcher Company collected the following data regarding production of one of its products. Compute the variable overhead efficiency variance. es Direct labor standard (2 hrs. @ $12.75/hr.) Actual direct labor hours Budgeted units Actual finished units produced Standard variable Oh rate (2 hrs. @ $14.30/hr.) Standard fixed OH rate ($336,000/42,000 units) Actual cost of variable overhead costs incurred Actual cost of fixed overhead costs incurred 25.50 per finished unit 81,500 hrs. 42,000 units 40,000 units 28.60 per finished unit 8.00 per unit $ $ $1,140,000 $ 338,000 $14,300 unfavorable. $21,450 favorable