Reference no: EM132939622
Problem - A furniture manufacturer uses a standard costing system in which standard machine-hours (MHs) is the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below:
Denominator level of activity 1,400MHs
Overhead costs at the denominator activity level:
Variable overhead cost $12,040
Fixed overhead cost $17,360
The following data pertain to operations for the most recent period:
Actual hours 1,300MHs
Standard hours allowed for the actual output 1,440 MHs
Actual total variable manufacturing overhead cost $11,440
Actual total fixed manufacturing overhead cost $18,560
Required - Find the fixed manufacturing overhead volume variance for the period?
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