Chillco Corporation produces containers of frozen food. During April, Chillco produced 775 cases of food...

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Accounting

Chillco Corporation produces containers of frozen food. During April, Chillco produced 775 cases of food and incurred the following actual costs.

Variable overhead $ 6,700
Fixed overhead 10,300
Actual labor cost (3,000 direct-labor hours) 46,200
Actual material cost (16,500 pounds purchased and used) 31,350

Overhead is budgeted and applied using direct-labor hours in a standard costing system. Standard cost and annual budget information are as follows:

Standard Costs per Case
Direct labor (3 hours at $15 per hour) $ 45.00
Direct material (20 pounds at $1.60 per pound) 32.00
Variable overhead (3 direct-labor hours at $2.40 per hour) 7.20
Fixed overhead (3 direct-labor hours at $4 per hour) 12.00
Total $ 96.20

Annual Budget Information
Variable overhead $ 72,000
Fixed overhead $ 120,000
Planned activity for year 30,000 direct-labor hours

Required: Compute the following cost variances from the available data. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance). Do not round intermediate calculations.)

Direct-material price variance $4,950 Unfavorable

Direct-material purchase price varianc e$4,950 Unfavorable

Direct-material quantity variance $1,600 Unfavorable

Direct-labor rate variance $1,200 Unfavorable

Direct-labor efficiency variance $10,125 Unfavorable

Variable-overhead spending variance $500 Favorable

Variable-overhead efficiency variance $1,620.00 Unfavorable

Fixed-overhead budget variance $300 Unfavorable

Fixed-overhead volume variance _____________ Unfavorable

I only need the last blank answered: fixed-overhead volume variance

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