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Irving Corporation makes a product with the following standards for direct labor and variable overhead: Standard Quantity or Hours 0.20 hours 0.20 hours Standard Price

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Irving Corporation makes a product with the following standards for direct labor and variable overhead: Standard Quantity or Hours 0.20 hours 0.20 hours Standard Price or Rate $25.00 per hour $ 6.10 per hour Standard Cost Per Unit $5.00 $1.22 Direct labor Variable overhead In November the company's budgeted production was 6,400 units, but the actual production was 6,200 units. The company used 1,540 direct labor-hours to produce this output. The actual variable overhead cost was $8,778. The company applies variable overhead on the basis of direct labor-hours. The variable overhead rate variance for November is

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