Hamilton Pty Ltd uses a standard costing system for product costing. The company uses direct labour hours as the cost driver to apply overhead costs. The following amounts were budgeted for the year:

Planned productionunits		50 000
Direct labour hours		200 000
Variable overhead	$	1 000 000
Fixed overhead	$	600 000

The following were the actual results

Actual productionunits		48 000
Direct labour hours		195 000
Variable overhead	$	950 000
Fixed overhead	$	610 000

Calculate the amount of variable overhead efficiency variance