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Jefferson Co. uses the following standard to produce a single unit of its product: variable overhead $7.60 (2 hrs. per unit @ $3.80/hr.). Actual data

Jefferson Co. uses the following standard to produce a single unit of its product: variable overhead $7.60 (2 hrs. per unit @ $3.80/hr.). Actual data for the month show variable overhead costs of $195,280, and 24,800 units produced. The total variable overhead variance is:

$101,040 F.

$101,040 U.

$0.

$6,800 F.

$6,800 U.

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