Tulsa Paint Company's budgeted production volume for the month was 30,000 gallons of paint. The standard overhead
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Tulsa Paint Company's budgeted production volume for the month was 30,000 gallons of paint. The standard overhead cost included \(\$ 0.50\) variable overhead per gallon and fixed overhead costs of \(\$ 30,000\).
Tulsa Paint actually produced 33,000 gallons of paint. Actual variable overhead was \(\$ 16,200\), and fixed overhead was \(\$ 31,000\). Compute the total overhead variance, the overhead flexible budget variance, and the production volume variance.
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