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Cirilla's Weathervane Company manufactures weathervanes. The current year operating budget is based on the production of...

Cirilla's Weathervane Company manufactures weathervanes. The current year operating budget is based on the production of 9,500 weathervanes with 1.20 machine-hour allowed per weathervane. Variable manufacturing overhead is anticipated to be $280,000.
Actual production was 12,000 weathervanes using 12,500 machine-hours. Actual variable costs were $23.50 per machine-hour.
Required:
Calculate the variable overhead rate and the efficiency variances.

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