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Texann Co. has the following factory overhead costs: Standard overhead applied to this period's production $72,000 Flexible budget for overhead based on output (i.e. units

Texann Co. has the following factory overhead costs:

Standard overhead applied to this period's production

$72,000

Flexible budget for overhead based on output (i.e. units produced)

$65,000

Total budgeted overhead in the master (static) budget

$86,000

Actual total overhead cost incurred during the period

$76,000

The factory overhead production volume variance for Texann Co. this period is favorable, and the amount is:

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