Underfoot Products uses standard costing.The following information about overhead was generated during May:
-Using the above information provided for Underfoot Products,compute the fixed overhead variance.
A)$5,000 (
B)$5,000 (
C)$10,000 (
D)$10,000 (

Question

Underfoot Products uses standard costing.The following information about overhead was generated during May:  
-Using the above information provided for Underfoot Products,compute the fixed overhead variance.
A)$5,000 (
B)$5,000 (
C)$10,000 (
D)$10,000 (

Quizplus · Accepted Answer

Fixed overhead variance = Actual fixed overhead - Budgeted fixed overhead= $15,000 - $10,000= $5,000 (F)

Underfoot Products Uses Standard Costing