please look at this one this is the wrong answer. don't repeat this answer!

Waterways Corporation uses very stringent standard costs in evaluating its manufacturing efficiency. These standards are not ideal at this point, but the management is working toward that as a goal. At present, the company uses the following standards, Materials Item Per unit Cost Materials 2 lb. 80.00 perib. Direct labor Item Per unit Cost Labor 15 min. $7.00 per hr. Predetermined overhead rate based on direct labor hours - $3.83 The January figures for purchasing, production, and labor are: The company purchased 230,000 pounds of raw materials in January at a cost of 784 a pound. Production used 230,000 pounds of raw materials to make 116,000 units in January Direct labor spent 18 minutes on each product at a cost of $6.80 per hour. Overhead costs for January totaled $40,482 variable and $75,000 fixed. a Answer the following questions about standard costs. 99 Your answer is partially correct. What is the total overhead variance? (Round per unit calculations to 2 decimal places, e.g. 1.25 and final answer to o decimal places, e.g. 125.) Total overhead variance Unfavorable eTextbook and Media Assistance Used Save for Later Last saved 1 second ago Attempts: unlimited Submit Answer = Total Overhead Variance = Absorbed Overheads - Actual Overheads Abosrbed Overheads = Standard overheads for Actual Output Actual output = 116000 units Actual direct labour hour used = 18 mins per unit Total direct labour hours used = 116000 units x 18 mins = 2088000 minutes Nof of hours = 2088000 / 60 = 34800 hours Standard overhead rate per direct labour hour = $3.83 Absorbed Overheads = 34800 hours x $3.83 = $ 133284 Actual overheads = $40482 + $75000 = $ 115482 Total Overhead Variance = $ 133284 - $ 115482 = $ 17802 Unfavourable Total Overhead Variance is $17802 Unfavourable. =