Your answer is partially correct. Try again. ackson Company's overhead rate was based on estimates of $208,800 for overhead costs and 20,880 direct labour hours. Jackson's standards allow 2 hours of direct labour per unit produced. Production in May was 930 units, and actual overhead incurred in May was $19,000. The overhead budgeted for 1,860 standard direct labour hours is $18,240 ($5,220 fixed and $13,020 variable) (a) Calculate the total, budget, and volume variances for overhead 940Unfavourable Total overhead variance overhead budget variance J 760t Overhead budget variance $ 180 Favourable Overhead volume variance