The predetermined overhead rate for Waterway Industries is S5, comprised of a variable overhead rate of $3 and a fixed rate of $2.The amount of budgeted overhead costs at normal capacity of $150000 was diviced by normal capocity of 30000 direct labor hours, to arrive at the predetermined overhcad rate of $S. Actual overhead for June was $6340 variable and $4020 fixed, and standard hours allowed for the product produced in June was 2000 hours. The total overhead variance is erfor Jul O $360 F O $2020 u O 2020 F $360 u