Actual machine hours 1,160 Standard machine hours allowed 1,310 Denominator activity (machine hours) 1,450 Actual fixed...
| Actual machine hours | 1,160 | |
| Standard machine hours allowed | 1,310 | |
| Denominator activity (machine hours) | 1,450 | |
| Actual fixed overhead costs | $ | 16,560 |
| Budgeted fixed overhead costs | $ | 17,400 |
| Predetermined overhead rate ($2 variable + $12 fixed) | $ | 14 |
| What is the fixed overhead spending (price) variance? |
| A. |
$840 favorable. |
|
| B. |
$580 favorable. |
|
| C. |
$280 favorable. |
|
| D. |
$300 favorable. |
Homework Answers
Actual fixed overhead = $16,560
Budgeted fixed overhead = $17,400
Fixed overhead spending variance = Actual fixed overhead - Budgeted fixed overhead
= 16,560 - 17,400
= $840 favorable
Correct option is (A)
Please ask if you have any query related to the question. Thank you
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