Current Attempt in Progress The predetermined overhead rate for Waterway Industries is $4, comprised of a variable overhead rate of $2 and a fixed rate of $2. The amount of budgeted overhead costs at normal capacity of $ 120000 was divided by normal capacity of 30000 direct labor hours, to arrive at the predetermined overhead rate of $4. Actual overhead for June was $ 9800 variable and $7050 fixed, and standard hours allowed for the product produced in June was 3300 hours. The total overhead variance is 0 $450 F. O $450 U. O $3650 F. O $3650 U. eTextbook and Media Save for Later Attempts: 0 of 1 used Submit