Probably just a bad cap in the power supply, but you could have caused more damage on power up (the Variac takes it up gradually, and you can sometimes "reform" older capacitors). Very likely, your circuit protectors did their job, and there is little to worry. Just bring it to a qualified tech (see if you can find schematics online) and have it checked out. Your probably looking at $150 to $200. You will still be way ahead so don't fret.
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