Gina Production Company uses a standard costing system. The following information pertains to the current year:
Actual overhead costs ($16,500 is fixed) $40,125
Actual direct labor costs (11,250 hours) $131,625
Standard direct labor for 5,500 units:
Standard hours allowed 11,000 hours
Labor rate $12.00
The overhead rate is based on an activity level of 10,000 hours. Standard cost data for 5,000 units is as follows:
Variable overhead $22,500
Fixed overhead 13,500
Total overhead $36,000
What is the fixed overhead volume variance for Gina Production Company?
a.$1,350 Fb. $3,600 Fc. $4,125 Ud. $1,350 U
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