Lexi needs to determine the fixed overhead volume variance for her company. Which equation should she use?

a$.$ Fixed overhead volume variance $=($Actual variable overhead $$ Variable overhead rate$)$ Standard hours for actual production

b$.$ Fixed overhead volume variance $=$ Budgeted fixed overhead $$ Applied fixed overhead

c$.$ Fixed overhead volume variance $=($Budgeted variable overhead $$ Variable overhead rate$)$ Standard hours for actual production

d$.$ Fixed overhead volume variance $=$ Actual fixed overhead $$ Budgeted fixed overhead