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The fixed overhead variances includes the fixed overhead cost variance and the fixed overhead volume variance. What does the the fixed overhead cost variance measure

The fixed overhead variances includes the fixed overhead cost variance and the fixed overhead volume variance.

  1. What does the the fixed overhead cost variance measure and tell us about a company?
  2. What does a favorable FOH mean? and what about an unfavorable FOH?

Reference: Miller-Nobles, T. L., Mattison, B. L., & Matsumura, E. M. (2018).Horngren's accounting:The managerial chapters plus MyLab Accounting with Pearson eText(12th ed.). Pearson.

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