Bonnie Company applies overhead based on machine hours. The variable overhead standard is 25 hours at $19.50 per hour. During March, Bonnie spent $324,150 for variable overhead, and 13,290 machine hours were used to produce 110 units. What is the variable overhead rate variance? Note: Do not round intermediate calculation. Multiple Choice O O O $64,995 favorable $64,995 unfavorable $15,800 unfavorable $12,900 unfavorable

Bonnie Company applies overhead based on machine hours. The variable overhead standard is 25 hours at $19.50 per hour. During March, Bonnie spent $324,150 for variable overhead, and 13,290 machine hours were used to produce 110 units. What is the variable overhead rate variance? Note: Do not round intermediate calculation. Multiple Choice $64,995 favorable $64,995 unfavorable $15,800 unfavorable $12,900 unfavorable