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What is the amount of the factory overhead volume variance

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Reference no: EM132558423

Question - The standard factory overhead rate is $10 per direct labor hour ($7 for variable factory overhead and $3 for fixed factory overhead) based on 100% capacity of 30,000 direct labor hours. The standard cost and the actual cost of factory overhead for the production of 5,000 units during May were as follows:

Standard

25,000 hours at $10

$250,000

Actual:

Variable Factory Overhead

$202,500

 

Fixed factory overhead

60,000

Required - What is the amount of the factory overhead volume variance?

Reference no: EM132558423

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