Question4 Company D is using standard cost system. The variable overhead budget for year 20x1 is $300,000 and fixed overhead is $800,000. Company D is using direct labor hours as allocation base. Predetermined overhead rate was determined based on 1,000 direct labor hours, and actual direct labor hours in year 20x1 was 850 hours. If volume variance for year 20x1 was 80,000U, what is variable overhead efficiency variance? 3) 10,000 U 1) 15,000 F 4) 15,000 U 2) 45,000 F 5) 45,000 U