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Assume the variable overhead standard is 5 machine hours at $7 per hour and the fixed overhead standard is 5 machine hours at $9 per
Assume the variable overhead standard is 5 machine hours at $7 per hour and the fixed overhead standard is 5 machine hours at $9 per hour based on a planned activity of 40,000 machine hours when 7,000 units were scheduled to be produced. Given the following data: Actual variable overhead incurred: $187,750 Actual fixed overhead incurred: $375,000 Actual machine hours used: 39,800 Actual units produced: 7,100 the fixed overhead budget variance is: Multiple Choice 0 $7,900 unfavorable. 0 $8,800 unfavorable. 0 $15,000 unfavorable. 0 $15,800 unfavorable. 0 None of the answers is correct
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