Hatter, Inc. allocates fixed overhead at a rate of $17 per direct labor hour. This amount is based on 90% of capacity or 3,600 direct labor hours for 6,000 units. During July, Hatter produced 5,500 units. Budgeted fixed overhead is $66,000, and overhead incurred was $67,000.Required: Determine the volume variance for July.
What will be an ideal response?
| Budgeted overhead ………………………. | $66,000 | ? |
| Overhead applied (3,300 DLH* ? $17/hr.). | 56,100 | ? |
| Volume variance …………………………. | $ 9,900 | U |
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