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How to determine what is the fixed overhead variance

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Reference no: EM132566876

Budgeted data:

Normal Capacity - 9,000 units

Total variable production costs - $450,000

Total fixed production overhead - $130,500

Actual data:

Sales - 7,000 units

Production - 8,000 units

Unit selling price - $90

Unit variable production costs - $50

Fixed production overhead cost - $88,000

Fixed selling, distribution cost - $35,000

Question 1: What is the fixed overhead variance ?

Reference no: EM132566876

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