Fahmy's Corporation manufactured 25,000 grooming kits for horses during March. The fixed-overhead cost allocation rate is $20.00 per machine-hour. The following fixed overhead data pertain to March:
Actual
Static Budget
Production
25,000 units
24,000 units
Machine-hours
7,100 hours
6,900 hours
Fixed overhead costs for March
$123,000
$138,000
What is the fixed overhead rate variance?

Answer rating: 100% (QA)

The fixed overhead rate variance is the difference between the expected fixed overhead cost per ... View the full answer