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Fixed overhead volume variance for the month

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Reference no: EM13823043

The Fitzgerald Company reported the following information for 2014:

Budgeted fixed overhead for the year - $300,000

Budgeted direct labor hours for the year - 30,000 direct labor hours

Actual fixed overhead for August - $24,000

Actual variable overhead for August - $10,000

Direct labor hours worked in August - 2,600 direct labor hours

Standard variable overhead cost per direct labor hour - $4.00

Standard direct labor hours allowed for August production - 2,750 direct labor hours

Question: The fixed overhead volume variance for the month of August would be:

Reference no: EM13823043

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