Termeer Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Standard Quantity or Hours per Unit of Output Standard Price or Rate Variable manufacturing overhead 0.30 hours $2.30 per hour The company has reported the following actual results for the product for August: Actual output 8,000 units Actual direct labor-hours 2,380 hours Actual variable overhead rate $ 2.10 per hour Actual variable overhead cost $ 4,998 The variable overhead rate variance for the month is closest to: Multiple Choice

$476 U

$480 F

$476 F

Termeer Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.

Inputs	Standard Quantity or Hours per Unit of Output	Standard Price or Rate
Variable manufacturing overhead	0.30 hours	$2.30 per hour

The company has reported the following actual results for the product for August:

Actual output		8,000	units
Actual direct labor-hours		2,380	hours
Actual variable overhead rate	$	2.10	per hour
Actual variable overhead cost	$	4,998

The variable overhead rate variance for the month is closest to:

Multiple Choice

$476 U

$480 F

$476 F