Find the company fixed-overhead budget variance

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Question - Auditory Company, which applies overhead to production on the basis of machine hours, reported the following data for the period just ended:

Actual units produced: 11,000

Actual fixed overhead incurred: $990,000

Standard fixed overhead rate: $16 per hour

Budgeted fixed overhead: $950,000

Planned level of machine-hour activity: 60,000

If Auditory estimates six hours to manufacture a completed unit, find the company's fixed-overhead budget variance?

Reference no: EM133164362

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