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What is the total overhead variance

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Question - Sweet Dreams manufactures candy. Its records revealed the following:

Units produced 4,000

Standard direct labor hours per unit 2

Standard variable overhead rate $2.50 per hour

Standard fixed overhead rate $5.00 per hour

Budgeted fixed overhead costs $40,800

Actual variable overhead costs $16,800

Actual fixed overhead costs $40,400

Actual labor hours 8,000 direct labor hours

Total actual overhead %57,200

What is the total overhead variance?

Reference no: EM131818897

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