Question

Question 18 0.6 points Save Answer The managerial accountant at Space Right Office Cubicles calculates fixed overhead variances to complete the August report. The actual fixed overhead cost in the month of August was $35,200 and the budgeted fixed overhead cost was $36,900. The standard hours in August were 2600 and the standard rate per machine-hour was $14. Calculate the standard fixed overhead cost allocated to production, the fixed overhead budget variance, and the fixed overhead volume variance. 0 $35,200; $2636 F; $1700 U 0 $36,900; $2200 F; $1200 U $32,600; $1200 F; $1700 U 0 $36,400; $1700 F; $500 U

Answer 1

Answer - $36,400, $1700 F, $500 U

1	Standard Fixed overhead cost allocated to production
	Standard Hours * Standard rate per machine hour
	$36,400	2600*14
2	Fixed overhead Budget Variance
	Budget overhead cost - Actual overhead cost
	1700 F	36900-35200
3	Fixed overhead volume variance
	(Standard Hours * Standard rate per machine hour) -( Budgeted overhead)
	-500 U	36400 -36900