$2$ The following standards for variable manufacturing overhead have been established for a company that makes only one product:

$\backslash$table$[[$Standard hours per unit of output,$4\mathrm{.}0$ hours$],[$Standard variable overhead rate,$$12\mathrm{.}00$ per hour$]]$

$01$:$26$:$08$

The following data pertain to operations for the last month:

$\backslash$table$[[$Actual hours,$2,630$ hours$],[$Actual total variable overhead cost,$$31,330$