Check my work Exercise 8-16A (Algo) Calculating the variable overhead variance LO 8-4, 8-5, 8-6 10 points Thornton Company established a predetermined variable overhead cost rate at $9.50 per direct labor hour. The actual variable overhead cost rate was $8.40 per hour. The planned level of labor activity was 74,800 hours of labor. The company actually used 78,800 hours of labor. eBook Required Print a. Determine the total flexible budget variable overhead cost variance and indicate the effect of the variance by selecting favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).) References Total flexible budget variable overhead cost variance