The Latham Company provides the following standard cost data per unit of product: Variable overhead (2 hours @ $2 per hour) 4.00 During the period, the company produced and sold 22,000 units incurring the following costs: Variable overhead 43,500 hours @ $1.95 per hour The total variable overhead variance was: $2,200 favorable. $3,175 unfavorable. $2,200 unfavorable. $3,175 favorable.