Hello, (Continued from an earlier email). Silverstone's production budget for July called for making 39,800 units of a single product.  The firm's production standards allow one-half of a machine hour per unit produced.  The fixed overhead budget for July was $35,024.  Silverstone uses an absorption costing system.  Actual activity and costs for July were: Units produced 36,754 Fixed overhead costs incurred $37,700 Calculate the fixed overhead volume variances for July.  Do not round intermediate calculations. Fixed overhead volume variances:  ??? thanks.

Question

Hello,

(Continued from an earlier email).

Silverstone's production budget for July called for making 39,800 units of a single product.  The firm's production standards allow one-half of a machine hour per unit produced.  The fixed overhead budget for July was $35,024.  Silverstone uses an absorption costing system.  Actual activity and costs for July were:

Units produced

36,754

Fixed overhead costs incurred

$37,700

Calculate the fixed overhead volume variances for July.  Do not round intermediate calculations.

Fixed overhead volume variances:  ???

thanks.

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