Question
1.) A firm's static budget predicted $1,500,000 in fixed overhead costs. The firm applied $1,470,000 of fixed overhead costs. The firm's actual fixed overhead costs
1.) A firm's static budget predicted $1,500,000 in fixed overhead costs. The firm applied $1,470,000 of fixed overhead costs. The firm's actual fixed overhead costs were $1,550,000.
What is the firm's fixed overhead volume variance?
a.$30,000 favorable
b.$50,000 unfavorable
c.$50,000 favorable
d.$30,000 unfavorable
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MIS Management Information Systems
Authors: Hossein Bidgoli
8th edition
978-1337406932, 1337406937, 978-1337406925, 1337406929, 978-0357004357
