The following information applies to the questions displayed below.
AirPro Corp. reports the following for November.
Actual total factory overhead incurred $28,175
Standard factory overhead:
Variable overhead 3.10 per unit produced
Fixed overhead
($12,000/12,000 predicted units to be produced) $ 1.00 per unit
Predicted units to produce 12,000 units
Actual units produced 9,800 units
Required:
1. Compute the overhead volume variance for November and classify it as favorable or unfavorable.