1. What is the formula to calculate the standard fixed overhead rate?

1. Applied Fixed Overhead x Practical Capacity at Standard
2. Actual Fixed Overhead - Applied Fixed Overhead
3. Budgeted Fixed Overhead Costs Practical Capacity
4. Total Fixed Overhead Variance Budgeted Fixed Overhead Costs

2. Krypton Chemicals Corp., a manufacturing company, provides the following data for the second quarter of the current year:

Standard fixed overhead rate (SFOR)	$8.00 per direct labor hour
Actual fixed overhead costs	$2,000
Standard hours allowed per unit	0.15 hour
Actual production	1,500 units

What is the total fixed overhead variance?

1. $200 (unfavorable)
2. $160 (unfavorable)
3. $200 (favorable)
4. $160 (favorable)

3. What is the formula to calculate fixed overhead spending variance?

1. Fixed Overhead Spending Variance = Actual Fixed Overhead x Actual Units
2. Fixed Overhead Spending Variance= Actual Fixed Overhead - Budgeted Fixed Overhead
3. Fixed Overhead Spending Variance = Budgeted Fixed Overhead + Applied Fixed Overhead
4. Fixed Overhead Spending Variance = Applied Fixed Overhead x Practical Capacity