Total Fixed Overhead Variance
Ross Company provided the following data:
| Standard fixed overhead rate (SFOR) |
$5 per direct labor hour |
| Actual fixed overhead costs |
$281,680 |
| Standard hours allowed per unit |
4 hours |
| Actual production |
14,000 units |
Required:
1. Calculate the standard hours allowed for actual production.
2. Calculate the applied fixed overhead.
3. Calculate the total fixed overhead variance.