The following details relate to product T which has a selling price of $44.00
Direct materials 15.00
Direct labour(3hours) 12.00
Variable overhead 6.00
Fixed overhead 4.00
During April 20X6 the actual production of T was 800 units which was 100 units fewer than the budgeted. The budget shows an annual production target of 10800 with fixed costs accuring at a constant rate throughout the year. Actual overhead expenditure totalled $8500 for April 20X6.
Overheads are absorbed on the basis produced.
What were the overhead expenditure and volume variance?