The following Information avatte from the Tyro Cerca Actual factory overhead Fixed overhead expenses, actual Fixed overhead expenses, budgeted $7200 $7.000 Actual hours 3,500 Standard activity allowed 3,650 Standard hours 3,800 Variable overhead rate per direct labor hour $ 2.50 What is the variable overhead efficiency variance? O $375 Unfavorable O $375 Favorable $950 Unfavorable $950 Favorable Auctory overhead Fhead overhead expenses. Fixed overhead expenses, budgeted Actual hours $7000 Standard activity allowed 3500 Standard hours 3,650 3,800 Variable overhead rate per direct labor hour $ 2.50 What is the variable overhead spending variance? O $375 Unfavorable 0 $950 Unfavorable O $950 Favorable O $375 Favorable