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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 4,400

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 4,400 machine-hours. Budgeted and actual overhead costs for the month appear below:

Original Budget Based on 4,400 Machine-Hours- Actual Costs
Variable overhead costs:
Supplies $ 11,640 $ 12,630
Indirect labor 37,200 38,600
Fixed overhead costs:
Supervision 20,500 20,140
Utilities 6,700 6,650
Factory depreciation 7,700 8,010
Total overhead cost $ 83,740 $ 86,030

The company actually worked 4,560 machine-hours during the month. The standard hours allowed for the actual output were 4,550 machine-hours for the month. What was the overall variable overhead efficiency variance for the month?

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