Fletcher Company collected the following data regarding production of one of its products. Compute the variable overhead cost variance. 177 Skipped Direct labor standard (2.0 hrs. @ $13.40/hr.) $ 26.80 per finished unit Actual direct labor hours 92,500 hrs. Budgeted units 47,500 units Actual finished units produced 45,500 units Standard variable on rate (2 hrs. @ $15.20/hr.) $ 30.40 per finished unit Standard fixed OH rate ($589,000/47,500 units) $ 12.40 per unit Actual cost of variable overhead costs incurred $1,379,200 Actual cost of fixed overhead costs incurred $ 470,000 Multiple Choice $4,000 favorable. $17100 favorable. $21,100 unfavorable. $20,750 unfavorable. $20,750 favorable