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Glendale Brands Company uses standard costs for its manufacturing division. Standards specify 0.1 direct labor hours per unit of product. At the beginning of the

Glendale Brands Company uses standard costs for its manufacturing division. Standards specify 0.1 direct labor hours per unit of product. At the beginning of the year, the static budget for variable overhead costs included the following data:

Production volume

6,300 units

Budgeted variable overhead costs

$13,500

Budgeted direct labor hours (DLHr)

630 hours

At the end of the year, actual data were as follows:

Production volume

4,000 units

Actual variable overhead costs

$15,400

Actual direct labor hours (DLHr)

495 hours

What is the variable overhead efficiency variance? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)

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