Question 18 1 pts The ABC Company allocates both variable manufacturing overhead and fixed manufacturing overhead using direct labor hours as the allocation base. ABC expected to produce 10,000 units during the year and to use two direct labor hours to produce each unit. It budgeted $400,000 for variable manufacturing overhead and $600,000 for fixed manufacturing overhead. ABC actually produced 12,000 units and used 18,000 direct labor hours during the year. If ABC incurred $415,000 in variable manufacturing overhead costs and $580,000 in fixed manufacturing overhead costs, what is the variable manufacturing overhead efficiency variance? $55,000 unfavorable O $120,000 favorable $65,000 favorable O $15,000 unfavorable