Question: Budgeted fixed overhead costs in total$ 3 1 2 , 0 0 0 Actual fixed overhead costs in total$ 3 4 4 , 5 0

Budgeted fixed overhead costs in total$312,000Actual fixed overhead costs in total$344,500Budgeted direct labor hours26,000Actual output of final units49,500Budget direct labor hours per unit0.50
If fixed manufacturing overhead is applied on the basis of direct labor hours, compute the fixed overhead budget variance. Indicate whether the variance is favorable or unfavorable.
Note: Do not use a negative sign with your answer.

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