TB MC Qu. 10-39 (Algo) Wadding Corporation applies manufacturing overhead... Wadding Corporation applies manufacturing overhead to products on the basis of standard machine-hours. For the most recent month, the company based its budget on 4,700 machine-hours. Budgeted and actual overhead costs for the month appear below: Original Budget Based on 4,700 Machine-Hours Actual Costs Variable overhead costs: Supplies $ 11, 680 $ 12,930 Indirect labor 41,900 42, 800 Fixed overhead costs: Supervision 20, 800 20, 440 Utilities 7,000 6,980 Factory depreciation 8,006 8, 310 Total overhead cost $ 89, 380 $ 91, 460 The company actually worked 4,740 machine-hours during the month. The standard hours allowed for the actual output were 4,730 machine-hours for the month. What was the overall variable overhead efficiency variance for the month? Multiple Choice O $280 Favorable O $114 Unfavorable MC Grav