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16-32. Fixed Cost Variances Information on Carney Companys fixed overhead costs follows: Overhead applied $360,000 Actual overhead 385,500 Budgeted overhead 369,000 Required What are the
16-32. Fixed Cost Variances
Information on Carney Companys fixed overhead costs follows:
| Overhead applied | $360,000 |
| Actual overhead | 385,500 |
| Budgeted overhead | 369,000 |
Required
What are the fixed overhead price and production volume variances? (Refer to Exhibit 16.13 for the format to use.)
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