What is the fixed overhead spending (price) variance? Actual machine hours 1,160 Standard machine hours allowed 1,310
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Question:
What is the fixed overhead spending (price) variance? |
Actual machine hours | 1,160 | |
Standard machine hours allowed | 1,310 | |
Denominator activity (machine hours) | 1,450 | |
Actual fixed overhead costs | $ | 16,560 |
Budgeted fixed overhead costs | $ | 17,400 |
Predetermined overhead rate ($2 variable + $12 fixed) | $ | 14 |
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