Question - The following data is given for the Walker Company:
Budgeted production 1,000 units
Actual production 980 units
Overhead:
Actual and budgeted fixed overhead $27,000
Standard variable overhead rate $3.50 per standard direct labor hour
Actual variable overhead costs $15,500
Overhead is applied on standard labor hours.
The factory overhead controllable variance is:
The factory overhead volume variance is: