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

Inputs	(1) Standard Quantity or Hours	(2) Standard Price or Rate			Standard Cost (1) (2)
Direct materials	4.2 yards	$	5.00	per yard	$	21.00
Direct labor	0.8 hours	$	15.00	per hour		12.00
Variable overhead	0.8 hours	$	1.50	per hour		1.20
Fixed overhead	0.8 hours	$	5.00	per hour		4.00
Total standard cost per unit					$	38.20

Manufacturing overhead is applied to production on the basis of standard direct labor-hours. During the year, the company worked 8,760 hours and manufactured 10,700 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
$42,000			?			? hours $? per hour = $?
	Budget variance, $?			Volume variance, $1,800 F

DLHS Standard hours allowed for the year's 1. production 2. Budgeted fixed overhead cost 3. Budget variance 4. Denominator activity DLHS