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The Following Information Is Available from the Terry Company What Is the Fixed Overhead Production Volume Variance for Terry

question 42

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The following information is available from the Terry Company:  Actual total factory overhead cost incurred $25,000 Actual fixed overhead cost incurred $10,400 Budgeted fixed overhead expenses $11,000 Actual direct labor hours (DLH)  worked 4,400 Standard DLHs for this period’s production (output)  4,000 Standard variable overhead rate per DLH $3.00 Standard fixed overhead rate per DLH $2.50\begin{array}{lrr}\text { Actual total factory overhead cost incurred } & \$ 25,000 \\\text { Actual fixed overhead cost incurred } & \$ 10,400 \\\text { Budgeted fixed overhead expenses } & \$ 11,000 \\\text { Actual direct labor hours (DLH) worked } & 4,400 \\\text { Standard DLHs for this period's production (output) } & 4,000 \\\text { Standard variable overhead rate per DLH } & \$ 3.00 \\\text { Standard fixed overhead rate per DLH } & \$ 2.50\end{array} What is the fixed overhead production volume variance for Terry Company for the period, to the nearest whole dollar?

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Definitions:

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