Question: The following standards for variable overhead have been established for a company that makes only one product: Standard hours per unit of output 5 .

The following standards for variable overhead have been established for a company that makes only one product:
Standard hours per unit of output5.2hoursStandard variable overhead rate$ 15.00per hour
The following data pertain to operations for the last month:
Actual hours8,900hoursActual total variable overhead cost$ 125,070Actual output1,700units
Required:
What is the variable overhead rate variance for the month?
What is the variable overhead efficiency variance for the month?

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