Termeer Incorporated has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. 
The company has reported the following actual results for the product for August:
The variable overhead rate variance for the month is closest to:
Definitions:
Random Variable
A numerical variable that reflects the outcomes of an unpredictable event.
Standard Normal Distribution
A normal distribution with a mean of 0 and a standard deviation of 1, used in statistical analysis.
Mean
The average of a set of numbers, calculated by dividing the sum of all the numbers by the count of numbers.
Standard Error
The standard deviation of the sampling distribution of a statistic, most commonly the mean; it is used to estimate the efficiency, accuracy, or precision of a sample-based estimate.
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