Volume Variance. Information on Ripley Company'soverhead costs for the January 20x1 production activity is as follows:

Budgeted fixed overhead.. Standard ved overhead rate per direct late hour. Standard variable overhead rale per direct lalar hour Standard direct hours allowed for actud production. Actual total overheat incurred. $75,000 $3 $6 24,000 $220,000 Ripley has a standard absorption and flexible budgeting system. Calculate the volume variance for January 20x1. (AICPA adapted