Vermeillen Corporation uses a standard costing system in which variable manufacturing overhead is assigned to production on the basis of the number of machine setups. The following data pertain to one month's operations:•Variable manufacturing overhead cost incurred: $70,000 •Total variable manufacturing overhead variance: $4,550 Favorable •Standard machine setups allowed for actual production: 3,550 •Actual machine setups incurred: 3,500 The variable overhead rate variance is:
A. $3,500 Favorable
B. $3,500 Unfavorable
C. $1,000 Unfavorable
D. $1,000 Favorable
Answer: A
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