Output Original Budget Actual Results Notes Flexed budget 500 units 450 units 450 units 8750/500=17.5 Sales revenue 8 750 8 000 7875 17.5 x 450 2500/500=5 Raw materials (2.500) (3 500) (2250) 5 x 450 1500/500=3 Labour (1500) (1 750) (1 350) 3 x 450 Fixed overheads (1125) (850) (1 125) Operating profit 3625 1900 3 150 Use the information above to calculate the fixed overhead variance. When providing your answer do not use any spaces or commas, and indicate a decimal space with a full stop. Answer: