Pharoah Company's overhead rate was based on estimates of $181,200 for overhead costs and 18,120 direct labour hours. Pharoah's standards allow 2 hours of direct labour per unit produced. Production in May was 830 units, and actual overhead incurred in May was $19,000. The overhead budgeted for 1,660 standard direct labour hours is $16,150 ($4,530 fixed and $11,620 variable). (a) Calculate the total, budget, and volume variances for overhead. Total overhead variance Overhead budget variance $ $ Overhead volume variance $ 2200 2710 510 Favourable Unfavourable Unfavourable

Pharoah Company's overhead rate was based on estimates of $181,200 for overhead costs and 18,120 direct labour hours. Pharoah's standards allow 2 hours of direct labour per unit produced. Production in May was 830 units, and actual overhead incurred in May was $19,000. The overhead budgeted for 1,660 standard direct labour hours is $16,150 (\$4,530 fixed and $11,620 variable). (a) Calculate the total budget, and volume variances for overhead