PA11. LO 8.4 Reddy Corporation has collected the following data for the month of June: Actual total factory overhead incurred $61,250 Budgeted fixed factory overhead costs $42,000 Activity level, in direct labor hours 15,000 Actual direct labor hours 18,000 Standard hours for output this period 17,000 Total factory overhead rate $ 4.35 What is the variable overhead efficiency variance? Solution