Wall Corporation, which produces commercial safes, has provided the following data:

Budgeted production	9,300	safes
Standard machine-hours per safe	8.0	machine-hours
Standard supplies cost	$ 8.60	per machine-hour
Actual production	9,500	safes
Actual machine-hours	76,360	machine-hours
Actual supplies cost	$706,566

Supplies cost is an element of variable manufacturing overhead. The variable overhead rate variance for supplies is closest to:

$52,966 U

$49,870 F

$52,966 F

$49,870 U