Ims-ugrad.gcu.edu the_managerial chapters_plus my.acountinglab 1 uizDetails | LCS Learning Platform engineering Porter Company uses standard costs for its manufacturing division. Standards specify 0.1 direct labor hours per unit of product. The allocation base for variable overhead costs is direct labor hours. At the beginning of the year, the static budget for variable overhead costs included the following data: 3 What is the variable overhead efficiency variance? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) Production volume 6000 units $14,000 Budgeted variable overhead costs Budgeted direct labor hours (DLHr) 600 hours At the end of the year, actual data were as follows: Production volume 4000 units Actual variable overhead costs S15,200 Actual direct labor hours (DLHr) 480 hours Minimized View O $1866 F O$1866 U $2534 F O$2534 U