The production manager at Rand Industries received the following information for last month: Variable overhead rate variance $1,520 unfavorable Variable overhead efficiency variance $2,100 favorable Fixed overhead budget variance $1,800 unfavorable Fixed overhead volume variance $4,200 favorable Actual variable overhead $35,900 Actual fixed overhead $64,800 Standard hours allowed for the actual output 9,600 DLHs Standard rate per hour for variable overhead $3.80 Standard rate per hour for fixed overhead $7.00 What is the amount of overapplied or underapplied overhead? (Hint: We learned two different ways to calculate this and get the same answer) last month: Variable overhead rate variance $1,520 un Variable overhead efficiency variance $2,100 fav Fixed overhead budget variance $1,800 unf. Fixed overhead volume variance $4,200 favo Actual variable overhead $35,900 Actual fixed overhead $64,800 Standard hours allowed for the actual output 9,600 D Standard rate per hour for variable overhead $3.80 Standard rate per hour for fixed overhead $7.00 What is the amount of overapplied or underapplied overhead? (Hint: We learned two different ways to calculate this and get the sam $2,980 overapplied $3,890 underapplied $2,980 underapplied $3,890 overapplied