Somalian Corporation uses a standard costing system. Information for the month of May is as follows: 
The factory overhead rate is based on a normal volume of 12,000 direct labor hours. Standard cost data at 12,000 direct labor hours were as follows:
What is the variable overhead efficiency variance for Somalian?
Definitions:
Indifference Curves
Graphs that represent various combinations of goods that give a consumer equal utility or satisfaction.
Wealth
The abundance of valuable resources, assets, or properties that an individual or entity possesses.
Expected Utility Function
An expected utility function quantifies an individual's preferences under uncertainty, ranking them according to the expected level of satisfaction or utility.
Sure Payment
A guaranteed or fixed payment that is certain to be paid, without any risk or fluctuation.
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