Fletcher Company collected the following data regarding production of one of its products. Compute the variable overhead cost variance. Directlaborstandard(2.0hours@$12.80/hour)ActualdirectlaborhoursBudgetedunitsActualfinishedunitsproducedStandardvariableOHrate(2hours@$16.00/hour)StandardfixedOHrate($418,300/44,500units)ActualcostofvariableoverheadcostsincurredActualcostoffixedoverheadcostsincurred$25.60perfinishedunit86,500hours44,500units42,500units$32.00perfinishedunit$9.40perunit$1,354,000$390,000