Sigmo Company, which uses a standard cost system, budgeted $803,000 of fixed overhead when 53,000 machine hours were anticipated. Other data for the period were: Actual units produced: 11,360 Actual machine hours worked: 54,800 Actual variable overhead incurred: $478,000 Actual fixed overhead incurred: $792,800 Standard variable overhead rate per machine hour: $8.50 Standard production time per unit: 5 hours Sigmos fixed-overhead budget variance is:

Multiple Choice

• $10,200U.

• $10,200F.

• $29,400U.

• $29,400F.

• None of the answers is correct.