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The following information relating to a company's overhead costs is available.
| | | | |
| Budgeted fixed overhead rate per machine hour | $ | 1.50 | |
| Actual variable overhead | $ | 97,000 | |
| Budgeted variable overhead rate per machine hour | $ | 1.50 | |
| Actual fixed overhead | $ | 16,000 | |
| Budgeted hours allowed for actual output achieved | | 39,000 | |
| |
Based on this information, the total overhead variance is:
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