Miguez Corporation makes a product with the following standard costs:

	Standard Quantity or Hours			Standard Price or Rate			Standard Cost Per Unit
Direct materials		2.9	liters	$	7.60	per liter	$	22.04
Direct labor		0.7	hours	$	28.00	per hour	$	19.60
Variable overhead		0.7	hours	$	2.60	per hour	$	1.82

The company budgeted for production of 3,200 units in September, but actual production was 3,100 units. The company used 6,040 liters of direct material and 1,740 direct labor-hours to produce this output. The company purchased 6,400 liters of the direct material at $7.80 per liter. The actual direct labor rate was $30.10 per hour and the actual variable overhead rate was $2.40 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 rate variance for September is: