Question 7 Judd Company unes standard costs for its manufacturing division Standards specify 0.2 direct labor bours per unit of product. The allocation base for variable overhead costs is direct labor hours. At the beginning of the year, the static budget for variable overhead costs included the following data Production volume 6100 units 600 hours Budgeted variable overhead costs $14,000 Budgeted direct labor hours At the end of the year, actual data were as follows: Production volume Actual variable overhead costs Actual direct labor hours 4200 units $15.100 480 hours What is the variable overhead cost variance? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) $3902 U O $4878 F $14,000 U O $15.100 F