The following data concerning overhead are for the Bow Company:

Actual overhead incurred	$900,000
Budgeted overhead for actual work done	924,000
Standard overhead applied to actual work done	888,000

The overhead budget variance (OVB) and the overhead volume variance (OVV) are:

Group of answer choices

OBV = $36,000 (unfavorable); OVV = $24,000 (favorable).

OBV = $36,000 (favorable); OVV = $24,000 (unfavorable).

OBV = $24,000 (favorable); OVV = $36,000 (favorable).

OBV = $24,000 (favorable); OVV = $36,000 (unfavorable).