8. Actual overhead is $700,000, while budgeted overhead is $598,000. What is the

Question

8. Actual overhead is $700,000, while budgeted overhead is $598,000. What is the fixed overhead static-budget variance if 250,000 units are produced and 225,000 are budgeted?
Select one: a. $102,000 unfavourable b. $100,000 favourable c. $80,000 favourable d. $102,000 favourable 8. Actual overhead is $700,000, while budgeted overhead is $598,000. What is the fixed overhead static-budget variance if 250,000 units are produced and 225,000 are budgeted?
Select one: a. $102,000 unfavourable b. $100,000 favourable c. $80,000 favourable d. $102,000 favourable
Select one: a. $102,000 unfavourable b. $100,000 favourable c. $80,000 favourable d. $102,000 favourable

Explanation / Answer

Fixed overhead static budget variance = Actual overhead-Budgeted overhead

= 700000-598000

Fixed overhead static budget variance = 102000 U

So answer is a) $102000 Unfavorable

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