Millonzi Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company has provided the following data for the most recent month: Budgeted level of activity Actual level of activity Standard variable manufacturing overhead rate.. Actual total variable manufacturing overhead 5.500 MHS 5,300 MHS $8.50 per MH $42.400 What was the variable overhead rate variance for the month? O $4,350 favorable 0 $2,000 unfavorable O $2,650 favorable 0 $1,700 favorable