In a manufacturing organization, the cash budget is prepared immediately after the sales budget. A TRUE B FALSE Question 8 1 Point Ramas Corporation manufactured 25,000 grooming kits for horses during March. The fixed-overhead cost-allocation rate is $20.00 per machine-hour. The following fixed overhead data pertain to March: Actual Production 25,000 units, Static Budget Production 24,000 units, Actual Machine-hours 6,100 hours, Static Budget Machine- hours 6,000 hours, Actual Fixed overhead costs for March $123,000, Static Budget Fixed overhead costs for March $120,000, What is the amount of fixed overhead allocated to production? A $120,000 B $122,000 $123,000 D $125,000