Viger Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHS). The company has provided the following data for the most recent month: Budgeted level of activity Actual level of activity Standard variable manufacturing overhead rate Actual total variable manufacturing overhead 8,800 MHS 9,000 MHS $ 7.50 per MH $64,970 What was the variable overhead rate variance for the month? Multiple Choice o $1.423 Favorable O $1.030 Favorable o $1.500 Unfavorable $2.530 Favorable