Response to the following problem:
Manufacturing overhead data for the production of Product H by Norland Company are as follows.
Overhead incurred for 52,000 actual direct labor hours worked .......$213,000
Overhead rate (variable $3; fixed $1) at normal capacity of 54,000
Direct labor hours ....................................................................$4
Standard hours allowed for work done .......................................51,000
Instructions:
Compute the total overhead variance.