Question: Previous Page Next Page Question 11 (5 points) Garp Co. has the following standards and flexible-budget data. Standard variable-overhead rate S3 per MH Standard quantity

Previous Page Next Page Question 11 (5 points) Garp Co. has the following standards and flexible-budget data. Standard variable-overhead rate S3 per MH Standard quantity MH 2 hrs per unit of output Budgeted fixed overhead $200,000 Budgeted output 20,000 units The company has the following actual results for July: Actual VOH $224,500 Actual FOH $169,000 Actual MH 40,000 hrs Actual output 21,000 units What is the fixed overhead budget variance? $31,000 favorable $31,000 unfavorable $95,000 favorable $95,000 unfavorable Previous

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