Homework Answers
Solution:
Actual fixed overhead = Budgeted fixed OH + unfavorable Fixed OH budget var.
= $50,000 + 15,000 = $65,000
Fixed-overhead volume variance = Budgeted fixed OH - Absorbed fixed OH
= $50,000 - $50,000×24,000 /25,000
= $50,000 - 48,000 = $2,000 Unfavorable
Total budgeted OH (flexible budget) = $50,000 + 24,000×3×$8 = $626,000
Total budgeted OH (static budget) = $50,000 + 25,000×4×$8 = $850,000
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