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What was the fixed manufacturing volume variance

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Question - Suppose you work for a spacecraft manufacturer who produces X-Wings for the Resistance. Your boss would like an update on the budgets for the X-Wings, including details relating to variances for production. Consider the following for the month of March: Manufacturing overhead:

Actual units produced: 12 units

Actual direct labour hours: 612 hours

Actual Variable Manufacturing Overhead Rate: $78 per Direct Labor Hour

Actual Fixed Manufacturing Overhead $ 47,736

Budgeted units produced: 11 units

Standard hours per unit: 50 hrs/unit

Standard Variable Manufacturing Overhead Rate: $80 per Direct Labour Hour

Budgeted Fixed Manufacturing Overhead: $44,000

Required - What was the fixed manufacturing volume (or capacity) variance?

Reference no: EM133149645

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