XYZ uses 15 pounds of wood to make baseball bats. The price of wood is $700 per pound. 2 direct labor hours are required to make a baseball bat and the direct tabor rate is $1100 per hour. Varlable overhead is assigned based on direct labor hours at a rate of $150 per direct labor hour. Baseball bats selling price is $55.00 Fixed overhead (selling and administrative expenses) is budgeted to be $400,000. At the end of year XYZ sold 30,000 units with sales ascending to $1675.000. Materials used were 16,000 pounds and the materials cost were $705 per pound. Direct Labor hours used to produce 30,000 units was 59.800 hours and the rate paid was $10.95 per hour. Variable Overhead was $94,000 and fixed overhead (selling and administrative expenses) was 407,000 for a total overhead incurred of $501,000 REQUIRED: Compute Total Overhead Variance REQUIRED: Compute Total Overhead Variance Multiple Choice O $11,000 UNFAVORABLE $4,300 FAVORABLE $4,300 UNFAVORABLE $490,000 O none of the above