Actual total variable overhead Actual total fixed overhead Budgeted variable overhead rate per machine hour Budgeted total fixed overhead Budgeted machine hours allowed for actual output $ 76,000 $ 20,000 $ 2.50 $ 18,000 31,000 Based on this information, the total variable overhead variance is: Multiple Choice $1,500 favorable $7,200 favorable O $1,500 unfavorable $7,200 unfavorable. $871 favorable