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Corporation makes a product with the following standards for direct labor and variable overhead: Standard Quantity...

Corporation makes a product with the following standards for direct labor and variable overhead:

Standard Quantity or Hours Standard Price or Rate
Direct labor 0.50 hours $ 30.00 per hour
Variable overhead 0.50 hours $ 5.00 per hour

In August the company produced 8,900 units using 4,620 direct labor-hours. The actual variable overhead cost was $21,714. The company applies variable overhead on the basis of direct labor-hours.

The variable overhead efficiency variance for August is:

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