Eminem, Inc. manufactures music CDs. At the start of 2020, Eminem planned to produce 112,000 CDs for which the standard cost for each CD is: Plastic (0.25 pounds at $6.00 per pound) Labor (0.10 hour at $12.00 per hour) Overhead ($0.60 fixed and $0.90 variable) Total $1.50 1.20 1.50 $4.20 Overhead is allocated based on the number of units produced. Eminem isolates material purchase variances at the point of purchase. The following information summarizes Eminem's results for 2020: Actual production Actual variable overhead Actual fixed overhead How much is the overhead volume variance for 2020? $600 unfavorable $1,200 unfavorable $600 favorable $1,200 favorable $1,500 favorable 111,000 CDs $64,000 $83,000