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Given the following data: Actual units produced: 12,000 Actual fixed overhead incurred: $747,000 Standard fixed overhead rate: $13 per hour Budgeted fixed overhead: $720,000 Planned

Given the following data:

Actual units produced: 12,000

Actual fixed overhead incurred: $747,000

Standard fixed overhead rate: $13 per hour

Budgeted fixed overhead: $720,000

Planned level of machine-hour activity: 55,000

the fixed overhead budget variance is:

  • $27,000 favorable.
  • $27,000 unfavorable.
  • $65,000 favorable.
  • $65,000 unfavorable.
  • None of the answers is correct.

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