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Data for the Month of May Static Actual Budget # Shirts made and sold 4,325 4,600 Selling price per shirt $51 $50 Yards of fabric
Data for the Month of May | ||
Static | ||
Actual | Budget | |
# Shirts made and sold | 4,325 | 4,600 |
Selling price per shirt | $51 | $50 |
Yards of fabric per shirt | 1.7 | 1.6 |
Cost per yard of fabric | $4.25 | $4.36 |
Time in hours to sew one shirt | 0.75 | 0.85 |
Cost of direct labor (per hour) | $16 | $15 |
Variable overhead costs | $3,725 | $3,100 |
(utilities, sewing machine maintenance, etc.) | ||
Fixed overhead costs | $8,900 | $9,200 |
(store rent, insurance, etc.) |
What is the fixed overhead spending variance?
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