Fixed Overhead Budget and Volume Variance

There are five standard allowed hours for each unit of output. Budgeted fixed overhead costs are $$672,000$ per year. During the prior year, the company produced $9,280$ units of output, and actual fixed costs were $$680,000.$

Required

a$.$ Determine the standard fixed overhead rate used to assign fixed costs to inventory.

$$0$ per direct labor hour

b$.$ Determine the amount of fixed overhead assigned to inventory during the year.

c$.$ Determine the fixed overhead budget variance.

Note: Do not use a negative sign with your answer.

$x$