1. Calculate the overhead production volume variance

Actual (Static) Budget Product X: units direct labor hours direct labor $ units of direct material (purchased and used) $ of direct material 600 1100 10,900 650 65,650 500 1000 10,000 500 50,000 Product Y units direct labor hours direct labor $ units of direct material (purchased and used) $ of direct material 102 620 6,150 115 10,925 200 1000 10,000 200 20,000 $ of Fixed Manufacturing Overhead $ of Variable Manufacturing Overhead 23,000 27,000 22,000 30,000 Assume that manufacturing overhead is allocated based on standard direct labor hours