Assuming a flexible budget

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The Hernandez Company budgeted for an output of 50,000 units. Budgeted amounts were as follows: direct material, $100,000; direct labor, $50,000; variable factory overhead, $75,000; and fixed factory overhead, $100,000. Actual units produced amounted to 60,000. Actual costs incurred amounted to $110,000 for direct materials, $60,000 for direct labor, $100,000 for variable factory overhead, and $97,000 for fixed factory overhead. Assuming a flexible budget, how much was the variance between total budgeted production costs and total actual production costs?

Reference no: EM13906755

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