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Lossing Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below:
Lossing Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below: Original Budget Actual Costs $ 7,500 10,690 $ 7,690 10,040 Variable overhead costs: Supplies Indirect labor Fixed overhead costs: Supervision Utilities Factory depreciation Total overhead cost 15,310 14,600 59,340 $ 107,440 14,460 14,650 60,140 $ 106,980 The company based its original budget on 7,500 machine-hours. The company actually worked 7,460 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 7,390 machine-hours. What was the overall fixed manufacturing overhead volume variance for the month? (Round your intermediate calculations to 2 decimal places.) Multiple Choice $1.213 Favorable O O $1,213 Unfavorable O $1.309 Unfavorable $1,309 Favorable
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