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What the fixed overhead budget variance is

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Reference no: EM132529372

Assume fixed overhead was budgeted at $675,000 when 45,000 machine hours were estiamted to be used. Given the following data:

Actual units produced: 12,000

Standard production time per unit: 3.6 machine hours

Fixed overhead incurred: $710,000

Actual machine hours worked: 47,000

Question 1: the fixed overhead budget variance is:

Option 1: $27,000 unfavorable.

Option 2: $35,000 unfavorable.

Option 3: $12,000 favorable.

Option 4: $35,000 favorable.

Option 5: $27,000 favorable.

Reference no: EM132529372

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