[Fact Pattern #5] Tiny Tykes Corporation had the following activity relating to its fixed and variable overhead for the month of July. Actual costs Fixed overhead $120,000 Variable overhead 80,000 Flexible budget (Standard input allowed for actual output achieved xthe budgeted rate) Variable overhead 90,000 Applied (Standard input allowed for actual output achieved xthe budgeted rate) Fixed overhead 125,000 Variable overhead spending variance 2,000F Production volume variance 5,000U [93] Source: CMA 0693 3-19 (Refers to Fact Pattern #5) If the budgeted rate for applying variable manufacturing overhead was $20 per direct labor hour, how efficient or inefficient was Tiny Tykes Corporation in terms of using direct labor hours as an activity base? A. 100 direct labor hours inefficient. B. 100 direct labor hours efficient. C. 400 direct labor hours inefficient. D. 400 direct labor hours efficient