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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 Variable overhead costs: Supplies $ 7,600 $ 7,790 Indirect labor 10,700 10,050 Fixed overhead costs: Supervision 15,410 14,470 Utilities 14,700 14,750 Factory depreciation 59,570 60,460 Total overhead cost $ 107,980 $ 107,520 The company based its original budget on 7,600 machine-hours. The company actually worked 7,560 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 7,490 machine-hours. What was the overall fixed manufacturing overhead volume variance for the month? Note: Round your intermed
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