Homework Answers
a. Fixed over head rate based on budgeted production =
Budgeted fixed overhead÷budgeted volume =$32,400÷24,000= $1.35.
b)
1. Fixed overhead spending variance =Budgeted fixed overhead - Actual fixed overhead
=$32,400- $32,000= $400 F.
2. Fixed overhead volume variance = F.OH rate ×(Actual volume - Budgeted volume)
=$1.35 ×(25,000-24,000) = $1.35× 1000 = $1,350 F.
C) over or under applied fixed overhead =
Budgeted fixed overhead=$32,400
Actual fixed overhead=$32,000
Over head over applied by $400
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please answer these questions!
thank you!
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