Question: Need help as soon as possible which is the right answer? Assume company produces only one type of product. Also assume that fixed overhead consists

Need help as soon as possible which is the right answer?

Assume company produces only one type of product. Also assume that fixed overhead consists of only one item, 'factory rent'. Budgeted rent: $100,000; Estimated production, 10,000 units. Actual production in period: 7,000. Actual factory rent: $94,000. The fixed overhead 'budget' variance is: $6,000 favourable $6,000 unfavourable $30,000 favourable $30,000 unfavourable

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