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What was the fixed manufacturing budget variance

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Reference no: EM133131578

Question - Suppose you work for General Grievous on Utapau where you oversee the production of all of the imperial droids. General Grievous would like an update on the budgets for the droid assembling, including details relating to variances for production. Consider the following information for the month of March:

Manufacturing overhead:

Actual units produced: 21,000 units

Actual direct labour hours: 5,355 hours

Actual Variable Manufacturing Overhead Rate: $99 per Direct Labor Hour

Actual Fixed Manufacturing Overhead $535,000

Budgeted units produced: 20,000 units

Standard hours per unit: 0.25 hrs/unit

Standard Variable Manufacturing Overhead Rate: $101 per Direct Labour Hour

Budgeted Fixed Manufacturing Overhead: $505,000

Required - What was the fixed manufacturing budget variance?

Reference no: EM133131578

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