Which of the following is false regarding a fixed overhead production-volume variance? Fixed overhead production-volume variances result from treating fixed overhead as a variable cost Fixed overhead production-volume variances are calculated as the difference between actual fixed overhead and applied fixed overhead. An unfavorable fixed overhead production-volume variance means the company underutilized capacity relative to expectations. All of the answers are true. 3 hp Question 8 8 pts Maui, Inc. had budgeted sales of 4,000 surfboards and budgeted fixed overhead of $10,000 for the month of June. Maui, Inc. actually produced and sold 5,000 surfboards in June and actually incurred $12,000 of fixed overhead. What was the fixed overhead flexible-budget variance for the month of June? ki ID