Irving Corporation makes a product with the following standards for direct labor and variable overhead: Help Save & Exit Submit Direct labor Variable overhead Standard Quantity or Hours 0.20 hours 0.20 hours Standard Price or Rate $15.00 per hour $ 5.10 per hour Standard Cost Per Unit $ 3.00 $ 1.02 In November the company's budgeted production was 5,400 units, but the actual production was 5,200 units. The company used 1,660 direct labor hours to produce this output. The actual variable overhead cost was $7,802. The company applies variable overhead on the basis of direct labor-hours. The variable overhead rate variance for November is: Multiple Choice $416 Favorable $416 Unfavorable 5664 Unfavorable $664 Favorable