Required information (The following information applies to the questions displayed below.) Mosaic Company applies overhead using machine hours and reports the following information. Actual machine hours used (AH) Standard machine hours (for actual production) (SH) Actual variable overhead rate per hour (AVR) Standard variable overhead rate per hour (SVR) 5,400 hours 5,850 hours $ 4.80 $ 4.60 Compute the total variable overhead cost variance and classify it as favorable or unfavorable. Actual Cost Standard Cost