Teall Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company has provided the following data for the most recent month:     Budgeted level of activity   8,800 MHs Actual level of activity   8,900 MHs Standard variable manufacturing overhead rate $ 6.00 per MH Budgeted fixed manufacturing overhead cost $ 53,000   Actual total variable manufacturing overhead $ 54,600   Actual total fixed manufacturing overhead $ 57,300       What was the fixed manufacturing overhead budget variance for the month?

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Chapter1: Financial Statements And Business Decisions
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Teall Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company has provided the following data for the most recent month:

 

 
Budgeted level of activity   8,800 MHs
Actual level of activity   8,900 MHs
Standard variable manufacturing overhead rate $ 6.00 per MH
Budgeted fixed manufacturing overhead cost $ 53,000  
Actual total variable manufacturing overhead $ 54,600  
Actual total fixed manufacturing overhead $ 57,300  
 

 

What was the fixed manufacturing overhead budget variance for the month?

 

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