Oddo Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity of Standard Price or Hours Rate 4.0 ounces $7.60 per ounce 0.6 hours $21.00 per hour 0.6 hours $700 per hour Standard Cost Por Unit $30.40 $12.60 $420 The company reported the following results concerning this product in December Originally budgeted output Actual output Raw materials used in production Actual direct labor-hours Purchases of raw materials Actual price of raw materials Actual direct labor rate Actual variable overhead rate 4.460 units 4.260 units 17,410 ounces 2,926 hours 19,150 Ounces $7.40 per ounce $18.90 per hour $7.20 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 December is $2.590 F $2,664 U $2,590 U $2,664 F A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. Variable manufacturing overhead standards are based on machine hours. Standard hours per unit of output Standard variable overhead rate 4,60 machine-hours $11.55 per machine-hour The following data pertain to operations for the last month Actual hours Actual total variable manufacturing overhead cost Actual Output 8,500 machine hours $95,930 1,700 units What is the variable overhead rate variance for the month? $2 245 U $2,526 U $2,526 F $2,245 F