A company prepares a flexible budget for fixed overhead costs based on the following information: Budgeted production
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Question:
A company prepares a flexible budget for fixed overhead costs based on the following information:
Budgeted production volume: 12,000 units
Fixed overhead costs: $80,000 During the period, actual production volume was 11,500 units, and actual fixed overhead costs incurred were $78,000. Calculate the fixed overhead volume variance and fixed overhead spending variance.
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