Exercise 11-11

Manufacturing overhead data for the production of Product H by Shakira Company are as follows.

Overhead incurred for 52,000 actual direct labor hours worked $263,000 Overhead rate (variable $3; fixed $2) at normal capacity of 54,000 direct labor hours $5 Standard hours allowed for work done 52,000

Favorable/Unfavorable or neither? Compute the total overhead variance.