The following standards for variable manufacturing overhead have been established for a company that makes only one product: Standard hours per unit of output 3.60 hours Standard variable overhead rate $10.95 per hour The following data pertain to operations for the last month: Actual hours 8,900 hours Actual total labor cost $95,820 Actual output 2,300 units What is the variable overhead rate variance for the month? (Do not round intermediate calculations.

$1,635 U

$1,916 F

$1,916 U

$1,635 F