Geovanni Inc. uses standard costs to prepare its flexible budget. Standard and actual costs data for manufacturing overhead for producing 5,000 units of product are as follows:

Geovanni Inc. uses standard costs to prepare its flexible budget. Standard and actual costs data for manufacturing overhead for producing 5,000 units of product are as follows: Standard and actual costs data for manufacturing overhead Actual total overhead costs are as follows: Actual Total Overhead Costs Compute the fixed overhead cost variance. $7,000 favorable $18,000 unfavorable $10,000 unfavorable $10,000 favorable