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Actual machine hours 925 Standard machine hours allowed 1,070 Denominator activity (machine hours) 1,200 Actual fixed overhead costs $ 5,500 Budgeted fixed overhead costs $
Actual machine hours | 925 | ||
Standard machine hours allowed | 1,070 | ||
Denominator activity (machine hours) | 1,200 | ||
Actual fixed overhead costs | $ | 5,500 | |
Budgeted fixed overhead costs | $ | 6,000 | |
Predetermined overhead rate ($2 variable + $5 fixed) | $ | 7 | |
What is the production volume variance?
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