A firm's static budget predicted $125,000 in fixed overhead costs. The firm applied $135,000 of...
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Accounting
A firm's static budget predicted $125,000 in fixed overhead costs. The firm applied $135,000 of fixed overhead costs. The firm's actual fixed overhead costs were $117,000.
What is the firm's fixed overhead spending variance (round final answer to cents if necessary)?
| a. | $10,000 unfavorable | |
| b. | $10,000 favorable | |
| c. | $8,000 favorable | |
| d. | $8,000 unfavorable |
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