Assume that in producing 10,000 specialty umbrellas in the month of August, Seattle Rain Factory incurred the following costs: Direct materials: $26,040 Direct labor: $62,160 Variable overhead: $13,000 . Fixed overhead: $8,800 Total actual costs: $110,000 The total standard cost for each umbrella is $10. What is the total variance?

Assume that in producing 10,000 specialty umbrellas in the month of August, Seattle Rain Factory incurred the following costs: - Direct materials: $26,040 - Direct labor: $62,160 - Variable overhead: $13,000 - Fixed overhead: $8,800 - Total actual costs: $110,000 The total standard cost for each umbrella is $10. What is the total variance