Question 7 1.5 points Save Answer BressmanIncorporated has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor- hours. Inputs Standard Quantity or Hours per Unit of Output Standard Price or Rate Variable manufacturing overhead 0.20 hours The company has reported the following actual results for the product for May: $6.70 per hour Actual output 9,300 units Actual direct labor-hours 1,820 hours Actual variable overhead cost $ 12,558 The variable overhead efficiency variance for the month is closest to: O $276 U O $268 U O $268 F O $276 F