A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. The company bases its variable manufacturing overhead standards on direct labor-hours. Standard hours per unit of output 4.90 DLHs Standard variable overhead rate $ 11.55 per DLH The following data pertain to operations for the last month: Actual direct labor-hours 8,400 DLHs Actual total variable manufacturing overhead cost $ 95,960 Actual output 1,600 units What is the variable overhead rate variance for the month?