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Li Pong company uses a standard costing system. Last year they incurred $100,000 of Variable Overhead and $302,000 of Fixed Overhead and had the following

Li Pong company uses a standard costing system. Last year they incurred $100,000 of Variable Overhead and $302,000 of Fixed Overhead and had the following variances before closing entries.

FOH Budget Variance - $8,000 F

FOH Volume Variance - $9,000 U

VOH Spending Variance - $8,000 F

VOH Efficiency Variance - $1,000 U

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

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