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In October, Pine Company reports 18,800 actual direct labor hours, and it incurs $123,000 of manufacturing overhead costs. Standard hours allowed for the work done

In October, Pine Company reports 18,800 actual direct labor hours, and it incurs $123,000 of manufacturing overhead costs. Standard hours allowed for the work done is 24,600 hours. The predetermined overhead rate is $4.95 per direct labor hour. Compute the total overhead variance.

Total Overhead Variance $

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