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Answer the following 3 questions using the information below. Jenny's Corporation manufactured 25,000 grooming kits for horses during March. The fixed-overhead cost allocation rate is

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Answer the following 3 questions using the information below. Jenny's Corporation manufactured 25,000 grooming kits for horses during March. The fixed-overhead cost allocation rate is $20.00 per machine-hour. The following fixed overhead data pertain to March: Q15: What is the flexible budget amount for fixed overhead? (2 Marks) a) $122,000 b) $120,000 c) $123,000 d) $125,000 Q16: What is the amount of fixed overhead allocated to production? (2 Marks) a) $130,000 b) $122,000 c) $123,000 d) $125,000 Q17: What is the fixed overhead rate variance? ( 2 Marks) a) $2,000 favorable b) $1,000 unfavorable c) $5,000 favorable d) $3,000 unfavorable

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