Reference no: EM13576699

Perma Weave Textiles Corporation began January with a budget for 28,000 hours of production in the Weaving Department. The department has a full capacity of 37,000 hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of January was as follows: Variable overhead $78,400 Fixed overhead 55,500 Total $133,900 The actual factory overhead was $135,500 for January. The actual fixed factory overhead was as budgeted. During January, the Weaving Department had standard hours at actual production volume of 29,000 hours. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Round your interim computations to the nearest cent, if required.