Question 23 ABC Corporation has a standard cost system in which it applies manufacturing overhead to products on the machine-hours (MH). The company has provided the following data for the most recent month Budgeted level of activity 9.700 Actual level of activity 9.900 Standard variable $6.30 per MH manufacturing overhead rate Actual total variable $ 60,390 manufacturing overhead What was the variable overhead rate variance for the month? $720 Unfavorable $1,980 Unfavorable $1,980 Favorable $720 Favorable