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Please help me find the fixed factory overhead production volume variance The following information for the past year is available from Thinnews Co., a company

Please help me find the fixed factory overhead production volume variance

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The following information for the past year is available from Thinnews Co., a company that uses machine hours to apply standard factory overhead cost to outputs: Actual total factory overhead cost incurred $30,000 Actual fixed overhead cost incurred $ 7,000 Budgeted fixed overhead cost $12,000 Actual machine hours 8,000 Standard machine hours allowed for the units manufactured 4,600 Denominator volumemachine hours 5,300 Standard variable overhead rate per machine hour $ 3 The fixed factory overhead production-volume variance, to the nearest whole dollar, is: (Do not round your intermediate calculations.)

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