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Need help! Thanks! Assume the following information appears in the standard cost card for a company that makes only one product: Standard Quantity Standard Price

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Assume the following information appears in the standard cost card for a company that makes only one product: Standard Quantity Standard Price or hours or Rate Standard Cost Direct materials 5 pounds $11.00 per pound $55.00 Direct labor 2 hours $17.00 per hour $34.00 Variable manufacturing overhead 2 hours $ 3. 50 per hour $ 7.00 During the most recent period, the following additional information was available: . 20,000 pounds of material was purchased at a cost of $10.50 per pound. . All of the material that was purchased was used to produce 3,900 units. 8,000 direct labor-hours were recorded at a total cost of $132,000. . The actual variable overhead cost incurred during the period was $25,000. Assuming the company using direct labor-hours to compute its predetermined overhead rate, what is the variable overhead efficiency variance? Multiple Choice O $700 F O $700 U O $725 U $775 F

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