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W Company made 4,500 units last year, and the standard costing system stated that each unit should take 2.5 machine hours to make.The fixed overhead
W Company made 4,500 units last year, and the standard costing system stated that each unit should take 2.5 machine hours to make.The fixed overhead application rate was $3.10 per machine hour.The budgeted fixed overhead for the year was $38,750.Actual fixed overhead cost for the year was $38,000.Actual machine hours for the year were 10,000.How much was the fixed overhead volume variance?
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