Friar Inc produces one product and the company uses a standard cost system and determines that it should take one hour of direct labor to produce one unit. The normal production capacity is 150,000 units per year. The total budgeted overhead at normal capacity is 450,000 dollars comprised of 195,000 of variable costs and 255,000 of fixed costs. Overhead is applied on the basis of direct labor hours. During the current year, the company produced 156,000 units worked 160,000 direct labor hours, and incurred variable overhead costs of 210,000 and fixed overhead costs of 255,000. INSTRUCTIONS: Compute the total overhead variance and note whether the variance is favorable or unfavorable