Raven Company applies overhead based on direct labor hours. The variable overhead standard is 4 hours at $12 per hour. During July, Raven spent $167,569 for variable overhead. 13,390 labor hours were used to produce 4,100 units. What is the variable overhead efficiency variance?

Multiple Choice

$194 favorable

$116,125 favorable

$194 unfavorable

$12,000 favorable