Fordham Corporation produces a single product. The standard…
Fordham Corporation produces a single product. The standard costs for one unit of its Concourse product are as follows: Direct materials (6 pounds at $0.50 per pound) $3 Direct manufacturing labor (2 hours at $10 per hour) 20 Variable manufacturing overhead (2 hours at $5 per hour) 10 Total 33 33During November Year 2, 4,000 units of Concourse were produced. The costs associated with November operations were as follows: Material purchased (36,000 pounds at $0.60 per pound) $21,600 Material used in production (28,000 pounds) Direct manufacturing labor (8,200 hours at $9.75 per hour) $79,950 Variable manufacturing overhead incurred $41,820 What is the variable overhead efficiency variance for Concourse for November Year 2?