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Leek Company Predicted That the Fixed Overhead Would Be $200,000

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Leek Company predicted that the fixed overhead would be $200,000 in April 20X1. Production amounted to 60,000 actual and 50,000 budgeted decks of cards. Each deck takes approximately 0.20 machine hours to produce. The actual overhead costs per machine hour are $25. What is the production-volume overhead variance?

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Definitions:

Nursing Process

A systematic, problem-solving approach used by nurses to identify, diagnose, and treat patients' healthcare needs, comprising assessment, diagnosis, planning, implementation, and evaluation.

Assessment

The process of evaluating or estimating the nature, ability, or quality of something, often used in educational, health, or work contexts.

Planning

The process of making plans for something, including setting goals, defining steps, and allocating resources to achieve those goals.

Diagnosis

The identification of the nature and cause of a disease or condition through examination of symptoms and often diagnostic tests.

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