Waterways Corporation uses very stringent standard costs in evaluating its manufacturing efficiency. These standards are not "ideal" at this point, but the management is working toward that as a goal. At present, the company uses the following standards. Materials Item Per unit Cost Metal 1 lb. 634 per lb. Plastic 12 oz. $1.00 per lb. Rubber 884 per lb. Direct labor Item Per unit Cost Labor 15 min $9.00 per hr. Predetermined overhead rate based on direct labor hours = $4.11 4 oz The January figures for purchasing, production, and labor are: The company purchased 225,900 pounds of raw materials in January at a cost of 79 a pound. Production used 225,900 pounds of raw materials to make 114,000 units in January Direct labor spent 18 minutes on each product at a cost of $8.80 per hour. Overhead costs for January totaled $50,605 variable and $71,000 fixed. What is the total overhead variance? (Round per unit calculations to 2 decimal places, eg, 1.25 and final answer to decimal places, eg. 125.) Total overhead variance