Tuscany Statuary manufactures bust statues of famous historical persons. All Statues are the same size and require the same amount of resources. The information below was provided by the production department. Budgeted quantity Budgeted price Total Quantity Budgeted production 5000 units Direct materials 10 pounds per unit $10 per pound 50,000 pounds Direct labor hours 4 hours per unit $40 per hour 20,000 hours Overhead allocation rates: variable at $20 per direct labor hour fixed at $30 per direct labor hour At the end of the production cycle, the production, material usage, and labor usage reports revealed the following: Actual quantity Actual price Total Quantity Actual production 6000 units Actual materials 9 pounds per unit $11 per pound 54,000 pounds Actual labor 4.16667 hours per unit $38.00 per hour 25,000 hours Actual overhead allocation rates: variable at $18.48 per direct labor hour fixed at $25.20 per direct labor hour What is the amount of the flexible budget variance for variable overhead? $168,000 $400,000 $480,000 $18,000