The standard cost of product 2525 includes 4.70 hours of direct labour at $13.15 per hour. The predetermined overhead rate is $21.30 per direct labour hour. During July, the company incurred 11,480 hours of direct labour at an average rate of $13.45 per hour and $237,264 of manufacturing overhead costs. It produced 2,400 units.

Calculate the total overhead variance.

Total overhead variance

$enter the total overhead variance

select a type of the total overhead variance