Dill Has a Fixed Overhead Spending Variance of $3,900 Unfavorable

question 18

Multiple Choice

Dill has a fixed overhead spending variance of $3,900 unfavorable.During July,Dill budgeted production of 4,500 units,it actually produced 4,700 units,and it actually spent $71,400 on fixed overhead.How much was budgeted fixed overhead?

• A)$67,500
• B)$68,362
• C)$71,400
• D)$75,300

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Definitions:

Rate of Return

The percentage of profit or loss on an investment over a specific period, indicating the investment's efficiency.

Variable-Rate Loan

A loan where the interest rate can change over time, typically in relation to an index or benchmark.

Compounded Monthly

A method of calculating interest where the interest earned each month is added to the principal, thereby increasing the amount upon which future interest is calculated.

Compounded Quarterly

Interest calculation where the interest is added to the principal four times a year, allowing future interest to be earned on the prior periods' interest.