The standard factory overhead rate is $10 per direct labor hour ($8 for variable factory overhead and $2 for fixed factory overhead) based on 100% capacity of 30,000 direct labor hours. The standard cost and the actual cost of factory overhead for the production of 5,000 units during May were as follows: 
What is the amount of the factory overhead volume variance?
Definitions:
Behavioral Psychology
A branch of psychology focused on the study of observable behaviors and the processes behind them.
Cognitive Psychology
The study of mental processes such as "attention, language use, memory, perception, problem-solving, creativity, and thinking."
Self-Determination Theory
A theory of motivation that emphasizes the role of intrinsic motivation in driving human behavior and the importance of psychological needs for competence, autonomy, and relatedness.
Competence
The ability to do something successfully or efficiently, often reflecting one's skillset and knowledge in a particular area.
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