ABC manufacturing firm prepares analysis for variable overhead variances. A $8,500 unfavorable flexible-budget variance indicates that ________.

Select one:

a. the flexible-budget amount exceeded standard variable manufacturing overhead by $8,500

b. the flexible-budget amount exceeded actual variable manufacturing overhead by $8,500

c. the actual variable manufacturing overhead exceeded the flexible-budget amount by $8,500

d. the standard variable manufacturing overhead exceeded the flexible-budget amount by $8,500