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Metlock Company uses a standard cost system. Indirect costs were budgeted at $214,000 plus $14...

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Accounting

Metlock Company uses a standard cost system. Indirect costs were budgeted at $214,000 plus $14 per direct labour hour. The overhead rate is based on 10,700 hours. Actual results were:

Standard direct labour hours allowed 9,470
Actual direct labour hours 10,700
Fixed overhead $189,400
Variable overhead $185,200

(a)

Calculate the fixed overhead production volume variance.

Fixed overhead production volume variance $enter a dollar amount select an option

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