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Budgeted overhead for Sunland Company at normal capacity of 60000 direct labor hours is $3 per hour variable and $2 per hour fixed. In May,

Budgeted overhead for Sunland Company at normal capacity of 60000 direct labor hours is $3 per hour variable and $2 per hour fixed. In May, $308700 of overhead was incurred in working 63000 hours when 64000 standard hours were allowed. The overhead volume variance is

$8000 favorable.

$11000 favorable.

$5000 favorable.

$11300 favorable.

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