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Cholla Company's standard fixed overhead rate is based on budgeted fixed manufacturing overhead of $16,200 and budgeted production of 20,000 units. Actual results for the
Cholla Company's standard fixed overhead rate is based on budgeted fixed manufacturing overhead of $16,200 and budgeted production of 20,000 units. Actual results for the month of October reveal that Cholla produced 18,000 units and spent $14,750 on fixed manufacturing overhead costs. Required: Calculate Cholla's fixed overhead rate and the fixed overhead volume variance. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Round "Fixed Overhead Rate" to 2 decimal places. Fixed Overhead Rate Fixed Overhead Volume Variance per Unit
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