Benson Company established a predetermined fixed overhead cost rate of $24 per unit of product. The...

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Benson Company established a predetermined fixed overhead cost rate of $24 per unit of product. The company planned to make 6,000 units of product but actually produced only 5,600 units. Actual fixed overhead costs were $151,400. Required a. Determine the fixed cost spending variance and indicate whether it is favorable (F) or unfavorable (U). b. Determine the fixed cost volume variance and indicate whether it is favorable (F) or unfavorable (U). Note: For all requirements, Select "None" if there is no effect (i.e., zero variance). a. Total spending variance b. Total volume variance Benson Company established a predetermined fixed overhead cost rate of $24 per unit of product. The company planned to make 6,000 units of product but actually produced only 5,600 units. Actual fixed overhead costs were $151,400. Required a. Determine the fixed cost spending variance and indicate whether it is favorable (F) or unfavorable (U). b. Determine the fixed cost volume variance and indicate whether it is favorable (F) or unfavorable (U). Note: For all requirements, Select "None" if there is no effect (i.e., zero variance). a. Total spending variance b. Total volume variance

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a Fixed Cost Spending Variance The fixed cost spending variance measures the difference between the ... View the full answer