Hultiple Choice Question 132 The predetermined overhead rate for Concord Corporation is $5, comprised of a variable overhead rate of $3 and a fixed rate of $2. The amount of budgeted overhead costs at normal capacity of $150000 was divided by normal capacity of 30000 direct labor hours, to arrive at the predetermined overhead rate of $5. Actual overhead for June was $3804 variable and $2412 fxed, and standard hours allowed for the product produced in June was 1200 hours. The total overhead variance is $1212 U. O $216U. O $216 F O $1212 F