Question

Hockey Accessories Corporation manufactured 21 comma 100 duffle bags during March. The following fixed overhead data pertain to​ March: Actual Static Budget Production 21 comma 100 units 21 comma 500 units Machineminushours 11 comma 700 hours 12 comma 900 hours Fixed overhead costs for March $ 559 comma 300 $ 567 comma 600 What is the amount of fixed overhead allocated to​ production?

Answer 1

Fixed overhead spending variance = 8300 Favourable

Step-by-step explanation:

given data

Actual fixed overhead = 559300

Budgeted fixed overhead = 567600

solution

we get here Fixed overhead spending variance that is express as

Fixed overhead spending variance = Actual fixed overhead - Budgeted fixed overhead .................1

Fixed overhead spending variance = 559300 - 567600

Fixed overhead spending variance = 8300 Favourable