The variable overhead rate variance for August is

Hendrix Industries makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 3.0 grams 36.00 per gram 530.00 Direct labor 0.9 hours $12.00 per hour 510.80 Variable overhead 0.9 hours 36.50 per hour 55.85 The company reported the following results concerning this product in Aupust: Originally budgeted output 7,400 units Actual output 7,300 units Raw materials used in production 35,200 grams Actual direct labor-hours 5,600 hours Purchases of raw materials 39,200 grams Actual price ofraw materials purchased 96.10 per gram Actual direct labor rate $12.50 per hour Actual variable overhead rate 36.80 per hour The company applies variable overhead on the basis of direct labor hours. The direct materials purchases variance is computed when the materials are purchased, The variable overhead rate variance for August is