Fixed Overhead Variances Petra Company uses standard costs for cost control and internal reporting. Fixed...
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Fixed Overhead Variances Petra Company uses standard costs for cost control and internal reporting. Fixed costs are budgeted at $125,000 per month at a normal operating level of 25,000 units of production output. During October, actual fixed costs were $122,000, and actual production output was 24,000 units. a. Determine the fixed overhead budget variance. $ 8,000 F b. Assume that the company applied fixed overhead to production on a per-unit basis. Determine the fixed overhead volume variance. $ 89,000 U Check
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