Based on the budgeted overhead and the standard overhead, the volume variance would be $400 Favorable.
What is the volume variance?
The volume variance can be found as:
= Standard overhead applied - Budgeted overhead
Solving gives:
= 10,400 - 10,000
= $400
As this figure is positive, this is a favorable variance.
Find out more on volume variance at https://brainly.com/question/4127264.
