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Production and overhead cost information is provided below for Zhe Manufacturing Ltd.: Total budgeted overhead = $1,145,000, to be applied using direct labour hours. Predetermined

Production and overhead cost information is provided below for Zhe Manufacturing Ltd.: Total budgeted overhead = $1,145,000, to be applied using direct labour hours. Predetermined fixed overhead rate = $0.29 per direct labour hour. Budgeted production for the period = 125,000 units, each using four direct labour hours. Actual production for the period = 122,500 units, used 492,500 direct labour hours. Actual variable overhead costs incurred were $1,000,000. Actual fixed overhead costs incurred were $152,450. Which one of the following is the fixed overhead production volume variance for the period? Question 24 options: $7,450 U $9,625 U $2,900 U $2,175 U

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