Current Attempt in Progress Lily Corporition manufactures a single product. The standard cont per unit of product is shown below. The predetermined manufacturing overhead rate is 516 per direct labor hour (532.00+2.00) it was camputed from a master manutacturing overhead bud get based on normal production of 12.000 direct labor hours ( 6.000 units) for the month. The master budpet showed total variable costs of $84,000 i\$7.00 per hour) and total faed everhead costs of $108,000 ( $9.00 per haur) Actual costs for Octaber in producing 4.100 units were as foliow3 The purcharing department buys the quantities of raw materials that are copected to be used in production each month R.aw matenals inventories, therefore can be ignored. [2] (b) Compute the total overhead variance. Compute the total overhead variance. Current Attempt in Progress Lily Corporition manufactures a single product. The standard cont per unit of product is shown below. The predetermined manufacturing overhead rate is 516 per direct labor hour (532.00+2.00) it was camputed from a master manutacturing overhead bud get based on normal production of 12.000 direct labor hours ( 6.000 units) for the month. The master budpet showed total variable costs of $84,000 i\$7.00 per hour) and total faed everhead costs of $108,000 ( $9.00 per haur) Actual costs for Octaber in producing 4.100 units were as foliow3 The purcharing department buys the quantities of raw materials that are copected to be used in production each month R.aw matenals inventories, therefore can be ignored. [2] (b) Compute the total overhead variance. Compute the total overhead variance