Multiple Choice

$7,097 U

$7,097 F

$896 F

$7,993 U

The following data have been provided by Furr Corporation: Budgeted production Standard machine-hours per motor Standard indirect labor rate standard power rate 7,000 motors 8.6 machine-hours $ 7.10 per machine-hour $ 1.40 per machine-hour Actual production Actual machine-hours (total) Actual indirect labor cost (total) Actual power cost (total) 7,300 motors 62,140 machine-hours $408,340 $ 94,989 Indirect labor and power are both elements of variable manufacturing overhead The variable overhead rate variance for power is closest to