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Patel and Sons Incorporated uses a standard cost system to apply factory overhead costs to units produced. Practical capacity for the plant is defined as machine hours per year, which represents units of output. Annual budgeted fixed factory overhead costs are $ and the budgeted variable factory overhead cost rate is $ per unit. Factory overhead costs are applied on the basis of standard machine hours allowed for units produced. Budgeted and actual output for the year was units, which took machine hours. Actual fixed factory overhead costs for the year amounted to $ while the actual variable overhead cost per unit was $
Based on the information provided above, calculate the following factory overhead variances for the year. Indicate whether each variance is favorable F or unfavorable UDo not round intermediate calculations. Round your answers to the nearest whole dollar amount.
tableaTotal overhead variance,,bTotal flexiblebudget variance,,cProduction volume variance,,
