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What is the fixed overhead spending variance

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Reference no: EM132838475

Question - Sloth Company reports the following information for the last year of operations:

Actual fixed overhead costs (7,000 units) $77,000

Budgeted fixed overhead costs (10,000 units) 80,000

Planned level of operations (in units) 10,000

Actual level of operations (in units) 7,000

Required - What is the fixed overhead spending variance?

a. $21,000 Unfavorable

b. $24,000 Unfavorable

c. $30,000 Favorable

d. $3,000 Favorable

Reference no: EM132838475

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