Machine-hours (MHs) is the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below:
Budgeted Production in units 1,100
Standard machine hours (MHs) per unit 3
Standard variable overhead per MH $9.65
Budgeted fixed overhead $40,425
The following data pertain to operations for the most recent period:
Actual hours 3,400
Actual units produced 1,026
Actual variable overhead cost $32,980
Actual fixed overhead cost $38,975
1. The overhead applied to products during the period was closest to?
2. The fixed manufacturing overhead budget variance for the period is closest to?
3. The fixed manufacturing overhead volume variance for the period is closest to?