Regent, Incorporated uses the following standard to produce a single unit of its product: overhead $8 (4 hours $2/hour). The flexible budget for overhead is $115,000 plus $0.50 per direct labor hour. Actual data for the month show overhead costs of $152,000, and 18,000 units produced. The overhead volume variance is: Multiple Choice $14,000 favorable. $21,000 unfavorable. $58,000 unfavorable. $15,000 favorable