If Miller Company makes the following journal entry:

Variable Overhead Allocated ............................... 50,000

Variable Overhead Efficiency Variance .............. 15,000

Variable Overhead Control ............................................... 62.500

Variable Overhead Spending Variance ............................. 2.500

It may be inferred that

O Actual variable manufacturing overhead costs were $62.500

O Miller over-allocated variable manufacturing overhead

O The journal entry accounts are incorrect

O The net variance is a $5,000 favourable spending variance

O The net variance is a $5,000 unfavourable spending variance