Houston Paint Company’s budgeted production volume for the month was 30,000 gallons of paint. The standard overhead cost included a \($0.55\) variable overhead per gallon and fixed overhead costs of $30,000. Houston Paint actually produced 33,000 gallons of paint. Actual variable overhead was \($16,400\), and fixed overhead was $32,000.

Requirement 

1. Compute the total overhead variance, the overhead flexible budget variance, and the production volume variance