TB MC Qu. 9-371 Irving Corporation makes a product with ... 38 Irving Corporation makes a product with the following standards for direct labor and variable overhead: 2 points Standard Quantity or Hours 0.2 hours 0.2 hours Standard Price or Rate $26.00 per hour $ 6.20 per hour Standard Cost Per Unit $5.20 $1.24 8 01:35:41 Direct labor Variable overhead In November the company's budgeted production was 6,500 units, but the actual production was 6,300 units. The company used 1,550 direct labor-hours to produce this output. The actual variable overhead cost was $8,990. The company applies variable overhead on the basis of direct labor-hours. eBook The variable overhead rate variance for November is: References Multiple Choice O $504 U O $620 U O $620 F O $504 F