Fixed Overhead Variances Petra Company uses standard costs for cost control and internal reporting. Fixed costs are budgeted at $125,000 per month at a normal operating level of 25,000 units of production output. During October, actual fixed costs were $122,000, and actual production output was 24,000 units. a. Determine the fixed overhead budget variance. $ 8,000 x E b. Assume that the company applied fixed overhead to production on a per-unit basis. Determine the fixed overhead volume variance. $ 89,000 X U Check