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Use the following information for the Quick Study below. (Algo)

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[The following information applies to the questions displayed below.] AirPro Corporation reports the following for this period.

Actual total overhead	$ 29,025
Standard overhead applied	$ 31,000
Budgeted (flexible) variable overhead rate	$ 2.10	per unit
Budgeted fixed overhead	$ 12,500
Predicted activity level	12,500	units
Actual activity level	10,000	units

QS 21-16 (Algo) Volume variance LO P4

Compute the volume variance and identify it as favorable or unfavorable.

Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] AirPro Corporation reports the following for this period. Actual total overhead Standard overhead applied Budgeted (flexible) variable overhead rate Budgeted fixed overhead Predicted activity level Actual activity level $ 29,025 $ 31,000 $ 2.10 per unit $ 12,500 12,500 units 10,000 units QS 21-16 (Algo) Volume variance LO P4 Compute the volume variance and identify it as favorable or unfavorable. Volume Variance Volume variance