Question: Millonzi Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company has

Millonzi Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company has provided the following data for the most recent month:

Budgeted level of activity 3,600 MHs
Actual level of activity
 3,500 MHs
Standard variable manufacturing overhead rate $6.30 per MH
Actual total variable manufacturing overhead $21,000

What was the variable overhead rate variance for the month? Please explain so that i can understand it! thanks :)

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