Regent, Inc. uses the following standard to produce a single unit of its product: overhead $6 (2 hrs. @ $3/hr.). The flexible budget for overhead is $132,000 plus $0.50 per direct labor hour. Actual data for the month show overhead costs of $170,000, and 23,000 units produced. The overhead volume variance is: Multiple Choice $49,000 favorable. $51,000 favorable. $17,000 unfavorable. $68,000 unfavorable. $5,000 unfavorable.