A favorable Fixed Overhead Volume variance would result when more units have actually been made than was budgeted. (HINT: Look at the last formula on your handout. Remember that if the result of the formula is positive, the variance is unfavorable; but if the result of the formula is negative, the variance is favorable.) True or False?

This question is worth 4 points Extra Credit: At Fantasy Fixtures Co., sales for lamps and wall-lights are projected to be 4,000 units and 12,000 units, respectively. The contribution margins for the two products are $15 and $22 per unit, respectively. Fixed costs for the company are $275,400. How many of each product must the company sell to break even?

		a. 4,706 lamps and 14,118 wall-lights
		b. 3,600 lamps and 10,800 wall-lights
		c. 3,400 lamps and 10,200 wall-lights
		d. 3,000 lamps and 9,000 wall-lights