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What is the fixed overhead volume variance for 2005

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McGraw Company's 2005 flexible budget for manufacturing overhead indicates that fixed overhead should be $60,000 at the denominator level of 4,000 machine hours. In 2005, the actual fixed overhead cost incurred was $66,000. McGraw uses a standard costing system with 1 machine hour allowed per unit of good output. In 2005 the company produced 3,800 units using 3,900 machine hours.

What is the fixed overhead volume variance for 2005 ?

Reference no: EM131823108

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