Brief Exercise 11-11 In Qctober, Pine Company reports 18,600 actual direct labor hours, and it incurs $167,200 of manufacturing overhead costs. Standard hours allowed for the work done is 20,900 hours. The predetermined overhead rate is $8.25 per direct labor hour. In addition, the flexible manufacturing overhead budget shows that budgeted costs are $6.55 variable per direct labor hour and $52,750 fixed. Compute the overhead volume variance. Normal capacity was 25,000 direct labor hours. Overhead Volume Variance s