Wadding Corporation applies manufacturing overhead to products on the basis of standard machine-hours. For the most recent month, the company based its budget on 4,500 machine-hours. Budgeted and actual overhead costs for the month appear below: 8 00:28:33 Actual Costs Original Budget Based on 4,500 Machine-Hours Variable overhead costs: Supplies $ 12,000 Indirect labor 38,400 Fixed overhead costs: Supervision 20,600 Utilities 6,800 Factory depreciation 7,800 Total overhead cost $ 85,600 $ 12,730 38,700 20,240 6,760 8,110 $86,540 The company actually worked 4,520 machine-hours during the month. The standard hours allowed for the actual output were 4,510 machine-hours for the month. What was the overall variable overhead efficiency variance for the month? Multiple Choice $270 Favorable $112 Unfavorable $800 Favorable $229 Favorable