Miguez Corporation makes a product with the following standard costs: Standard Quantity or Standard Price or Hours Rate 2.3 liters $ 7.00 per liter 0.7 hours $22.00 per hour 0.7 hours $ 2.00 per hour Standard Cost Per Unit $16.10 $15.40 $ 1.40 Direct materials Direct labor Variable overhead The company budgeted for production of 2,600 units in September, but actual production was 2,500 units. The company used 5,440 liters of direct material and 1,680 direct labor-hours to produce this output. The company purchased 5,800 liters of the direct material at $7.20 per liter. The actual direct labor rate was $24.10 per hour and the actual variable overhead rate was $1.90 per hour. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The variable overhead efficiency variance for September is: Multiple Choice $140 U $133 F. $140 F $133 U Geschke Corporation, which produces commercial safes, has provided the following data: Budgeted production Standard machine-hours per safe Standard supplies cost Actual production Actual machine-hours Actual supplies cost 8,500 safes 9.1 machine-hours $ 1.70 per machine-hour 8,700 safes 79, 100 machine-hours $123, 642 Supplies cost is an element of variable manufacturing overhead. The variable overhead efficiency variance for supplies is closest to: Multiple Choice 1 0 $119 U 0 $10,947 F 0 $119 F 0 $10,947 U