The following standards for variable manufacturing overhead have been established for a company that makes only one product: 
The following data pertain to operations for the last month: 
What is the variable overhead rate variance for the month?
Definitions:
Future Earnings
The projected income a company is expected to earn in future periods, often used by investors to evaluate the firm's growth potential and value.
Unbiased
Free from bias; presenting a fair, objective representation of facts or information.
Market's Earnings Expectations
Investor anticipations or forecasts about a company's future earnings performance.
Fair Value
The estimated market value of an asset, liability, or financial instrument that is agreed upon by both the buyer and seller.
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