The standard cost card for the single product manufactured by Cutter, Inc., is given below:

Standard Cost Cardper Unit
Direct materials, 3 yards at $6.00 per yard	$	18
Direct labor, 4 hours at $15.50 per hour		62
Variable overhead, 4 hours at $1.50 per hour		6
Fixed overhead, 4 hours at $5.00 per hour		20
Total standard cost per unit	$	106

Manufacturing overhead is applied to production on the basis of standard direct labor-hours. During the year, the company worked 37,000 hours and manufactured 9,500 units of product. Selected data relating to the companys fixed manufacturing overhead cost for the year are shown below:

Actual Fixed Overhead			Budgeted Fixed Overhead			Fixed Overhead Applied to Work in Process
$198,700			?			? hours $ ? per hour = $ ?

Budget variance, $?

Volume variance, $10,000 U