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 5,400 machine-hours. Budgeted and actual overhead costs for the month appear below: Original Budget Based on 5,400 Machine-Hours Actual Costs $ 13,630 $ 12,540 52,800 53,570 Variable overhead costs: Supplies Indirect labor Fixed overhead costs: Supervision Utilities Factory depreciation Total overhead cost 21,500 7,700 21,140 7,750 9,010 $ 105, 100 8,709 $103,240 The company actually worked 5,420 machine-hours during the month. The standard hours allowed for the actual output were 5,410 machine-hours for the month. What was the overall variable overhead efficiency variance for the month? Multiple Choice O $440 Favorable $121 Unfavorable O $360 Favorable O d $344 Favorable