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What is the fixed overhead spending variance

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Reference no: EM132951130

H&B Inc. uses a standard cost system and calculates their application rates using direct labour hours. This year the company had the following standards:

Standard direct labour hours per unit: 2 hours

Variable overhead application rate: $4 per direct labour hour

Fixed overhead application rate: $6 per direct labour hour

The company also had the following actuals:

Production: 16,000 units

Variable overhead: $141,312

Fixed overhead: $203,136

Total direct labour hours: 36,800

Problem 1: What is the fixed overhead spending variance?

a) $17,664 unfavourable

b) $17,664 favourable

c) $11,136 favourable

d) $11,136 unfavourable

Reference no: EM132951130

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