Calculating the Total Overhead Variance Standish Company manufactures consumer products and provided the following information for the month of February Units produced Standard direct labor hours per unit Standard variable overhead rate (per direct labor hour) Actual variable overhead costs Actual hours worked Required: 1. Calculate the total variable overhead variance. 131,300 0.2 $3.40 $88,650 26,650 920 X Favorable V varlance? indicate what the new variance wouild be below. 2. What if actual production had been 129,500 units? How would that affect the total variable overhead variance? Ind Unfavorable V