1. Likert company manufactures extremely accurate scales. They use a standard costing system. Last year the company projected that 292,000 scales would be produced. When Likert company closed out manufacturing overhead, they recorded a $134,000 debit to the FOH Budget Variance and a $116,000 credit to the FOH Volume Variance. Likert company budgeted $2,462,000 of fixed overhead. What was the actual amount of fixed overhead?

2. Li Pong company uses a standard costing system. Last year they incurred $100,000 of Variable Overhead and $294,000 of Fixed Overhead and had the following variances before closing entries.

FOH Budget Variance: $2,000 F

FOH Volume Variance: $9,000 U

VOH Spending Variance: $7,000 F

VOH Efficiency Variance: $8,000 U

How much overhead was applied to inventory over the course of the year?

3. Jordan Company produces basketballs and uses a standard costing system. The budgeted fixed overhead was $289,000. Rent changed during the year, causing actual fixed overhead to be $274,000. Jordan Company applies overhead on the basis of basketballs produced. They projected that 1,111,000 basketballs would be produced during the year. They actually produced 1,133,000 basketballs. What is the fixed overhead budget variance?

Please indicate a favorable variance with a negative number and an unfavorable variance with a positive number. (Round to the nearest dollar at the end of your calculation.)