Irving Corporation makes a product with the following standards for direct labor and variable overhead: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct labor 0.2 hours $ 23.00 per hour $ 4.60 Variable overhead 0.2 hours $ 5.90 per hour $ 1.18 In November the company's budgeted production was 6,200 units, but the actual production was 6,000 units. The company used 1,520 direct labor-hours to produce this output. The actual variable overhead cost was $8,360. The company applies variable overhead on the basis of direct labor-hours. The variable overhead rate variance for November is: