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The following standards for variable overhead have been established for a company that makes only one product: Standard hours per unit of output 4 .

The following standards for variable overhead have been established for a company that makes only one product:
Standard hours per unit of output 4.8 hours
Standard variable overhead rate $ 15.00 per hour
The following data pertain to operations for the last month:
Actual hours 8,500 hours
Actual total variable overhead cost $ 125,030
Actual output 1,760 units
Required:
What is the variable overhead rate variance for the month?
What is the variable overhead efficiency variance for the month?
Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.

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