Juhasz Corporation makes a product with the following standards for direct labor and variable overhead:

Standard Quantity or HoursStandard Price or RateDirect labor 0.40hours$27.00per hourVariable overhead 0.40hours$4.70per hour

In August the company produced 8,600 units using 3,600 direct labor-hours. The actual variable overhead cost was $15,840. The company applies variable overhead on the basis of direct labor-hours.

The variable overhead efficiency variance for August is:

Multiple Choice

$752 U

$704 U

$704 F

$752 F