The standard factory overhead rate is $7.50 per machine hour ($6.20 for variable factory overhead and $1.30 for fixed factory overhead) based on 100% capacity of 80,000 machine hours. The standard cost and the actual cost of factory overhead for the production of 15,000 units during August were as follows: 
What is the amount of the factory overhead volume variance?
Definitions:
Trait Approach
A theory in psychology that suggests individual personalities are composed of broad dispositions, or traits, which influence behavior.
Fiedler's Contingency Theory
A leadership theory proposing that effective group performance depends on the proper match between a leader’s style of interacting with subordinates and the degree to which the situation gives control to the leader.
Path-Goal Theory
A leadership theory that suggests leaders should adjust their leadership style based on the needs of their followers to help them achieve their goals.
Leadership Style
The manner and approach of providing direction, implementing plans, and motivating people within organizational settings.
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