Fletcher Company collected the following data regarding production of one of its products. Compute the variable overhead cost variance. $ per finished 26.00 unit 98,500 hrs. 50,500 units 48,500 units $ 28.00 per finished Direct labor standard (2.0 hrs. @ $13.00/hr.) Actual direct labor hours Budgeted units Actual finished units produced Standard variable on rate (2 hrs. @ $14.00/hr.) Standard fixed OH rate ($353,500/50,500 units) Actual cost of variable overhead costs incurred Actual cost of fixed overhead costs incurred unit $ 7.00 per unit $1,351,000 $ 560,000 Multiple Choice 0 $7,000 favorable. 0 $14,100 favorable. 0 $21,100 unfavorable. 0 $20,750 unfavorable. 0 $20,750 favorable