Based on the total variance and the total material variance, we can find that the total overhead variance is $7,000.
The total variance is:
= Total material variance + Total labor variance + Total overhead variance
Assuming the total overhead variance is x, the equation becomes:
35,000 = 14,000 + 2x + x
Solving gives:
35,000 = 14,000 + 2x + x
3x = 35,000 - 14,000
3x = 21,000
x = 21,000 / 3
x = $7,000
In conclusion, the total overhead variance is $7,000
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