Extreme Ltd operates a standard costing system and absorbs fixed overheads on the basis of machine hours.

Details of budgeted and actual figures are as follows:

	Budget	Actual
Fixed Overheads	2,500,000	2,010,000
Output	500,000 units	440,000 units
Machine hours	1,000,000 hours	900,000 hours

The fixed overhead expenditure variance is Answer 1Choose...190,000250,000300,000490,000500,000520,000100,000900,0001,000,000 Answer 2Choose...FavourableAdverse

The fixed overhead volume variance is Answer 1Choose...190,000250,000300,000490,000500,000520,000100,000900,0001,000,000 Answer 2Choose...FavourableAdverse