Question: Exercise 1 6 - 4 8 ( Algo ) Fixed Cost Variances ( LO 1 6 - 6 ) Coe Parts applies fixed overhead at

Exercise 16-48(Algo) Fixed Cost Variances (LO 16-6) Coe Parts applies fixed overhead at the rate of $6.90 per unit. Budgeted fixed overhead was $204,200. This month 28,720 units were produced, and actual fixed overhead was $199,050. Required: a. What are the fixed overhead price and production volume variances for Coe Parts? b. What was budgeted production for the month?

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