apter-12 FALL 2022 Question 17 of 20 > View Policies Current Attempt in Progress -18 Novak Company's overhead rate was based on estimates of $180,000 for overhead costs and 18,000 direct labour hours. Novak's standards allow 2 hours of direct labour per unit produced. Production in May was 800 units, and actual overhead incurred in May was $19,000. The overhead budgeted for 1,600 standard direct labour hours is $15,700 ($4,500 fixed and $11.200 variable). (a) Calculate the total, budget, and volume variances for overhead. Total overhead variance Favourable Overhead budget variance $ Unfavourable Overhead volume variance $ Neither favourable nor unfavourable eTextbook and Media Save for Later Attempts: 0 of 2 used Submit Answer