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Manufacturing overhead data for the production of Product H by Shakira Company, assuming the company uses a standard cost system, are as follows. Overhead incurred

Manufacturing overhead data for the production of Product H by Shakira Company, assuming the company uses a standard cost system, are as follows.

Overhead incurred for 45,600 actual direct labor hours worked $368,320
Overhead rate (variable $7; fixed $1) at normal capacity of 43,900 direct labor hours $8
Standard hours allowed for work done 45,840

Compute the total overhead variance.

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