Mathematics · Cost Accounting - Variance Analysis
A firm absorbs fixed production overheads based on machine hours. Budgeted fixed overheads were $80,000 for 10,000 hours. Actual hours worked were 9,000, and actual fixed overheads were $78,000. What is the Fixed Overhead Volume Variance?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1$2,000 Favourable
- 2$2,000 Adverse
- 3$8,000 Favourable
- 4$8,000 Adverse✓
Correct answer
$8,000 Adverse
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