Blue Gum Ltd uses a standard costing system. The firm estimates that it will operate...
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Accounting
Blue Gum Ltd uses a standard costing system. The firm estimates that it will operate its manufacturing facilities at 149,000 machine hours for the year. The estimate for total budgeted overhead is $987,000. The standard variable overhead rate is estimated to be $4.0 per machine hour or $12 per unit. The actual data for the year are presented below:
| Actual units produced | 267,000 |
| Actual machine hours | 365,000 |
| Actual variable overhead | 900,000 |
| Actual fixed overhead | 449,000 |
Calculate and enter the amount of fixed overhead volume variance in the answer space below: (Show negative sign in front of input if the variance is favourable)
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