The following information relating to a company's overhead costs is available. Budgeted fixed overhead rate per machine hour$0.50 Actual variable overhead$73,000 Budgeted variable overhead rate per machine hour$2.50 Actual fixed overhead$17,000 Budgeted hours allowed for actual output achieved 32,000 Based on this information, the total overhead variance is:
A. $7,000 favorable.
B. $6,000 favorable.
C. $1,000 unfavorable.
D. $1,000 favorable.
E. $6,000 unfavorable.
Answer: B
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