1 of 1 Cone Monrovia Manufacturing Inc. normally produces 10,000 units of product A och month. Each unit requires 4 hours of direct labor, and factory overhead is applied on a direct labor hour basis. Fixed costs and variable costs in factory overhead at the normal capacity are $10 and $5 per unit, respectively. Cost and production data for June follow: Production for the month 11.000 units Direct labor hours used.... 42.000 hours Factory overhead incurred for Variable costs $48.000 Feed costs.. $103.000 a. Calculate the flexible-budget variance b. Calculate the production volume variance. e. Was the total factory overhead under or overapplied? By what amount? Actual factory overhead Budget based on standard hours Standard hours x standard rate