Handerson Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 9.5 kilos 0.5 hours 0.5 hours Standard Price or Rate $ 7.00 per kilo $30.00 per hour $ 7.00 per hour The company reported the following results concerning this product in August. Actual output Raw materials used in production Purchases of raw materials Actual direct labor-hours Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost 4,200 units 30,30 kilos 32,600 kilos 1,160 hours $205,920 $ 23,736 $ 8,540 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The variable overhead rate variance for August is: o Multiple Choice O $760 F O $420 U O $760 U $420 F