Question
The following information is available from the Terry Company: Actual total factory overhead cost incurred $ 23,000 Actual fixed overhead cost incurred $ 12,300 Budgeted
The following information is available from the Terry Company:
Actual total factory overhead cost incurred | $ | 23,000 | |
Actual fixed overhead cost incurred | $ | 12,300 | |
Budgeted fixed overhead expenses | $ | 14,000 | |
Actual direct labor hours (DLH) worked | 4,400 | ||
Standard DLHs for this period’s production (output) | 4,600 | ||
Standard variable overhead rate per DLH | $ | 3.00 | |
Standard fixed overhead rate per DLH | $ | 2.50 | |
What is the fixed overhead production volume variance for Terry Company for the period, to the nearest whole dollar?
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