Titus Company produced 3,100 units of a product that required 3.779 standard hours per unit. The...
Titus Company produced 3,100 units of a product that required 3.779 standard hours per unit. The standard fixed overhead cost per unit is $2.60 per hour at 11,900 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance. Enter a favorable variance as a negative number. Round your answer to the nearest dollar.
Homework Answers
| Standard hours for actual production | 11715 | =3100*3.779 |
| Budgeted fixed overhead | 30940 | =11900*2.60 |
| Less: Fixed overhead applied | 30459 | =11715*2.60 |
| Fixed factory overhead volume variance | 481 | Unfavorable |
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