R&N Sports Has Budgeted $57,000 for Fixed Overhead for the Period.This

question 66

Short Answer

R&N Sports has budgeted $57,000 for fixed overhead for the period.This budget was based on the following items: depreciation of $24,000, rent of $4,000, production supervisor salaries of $27,000, and other fixed costs of $2,000.Actual overhead incurred is $52,000.Production was budgeted at 8,000 units while actual production is 8,100.
Required:
Calculate the fixed overhead spending variance.

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Definitions:

Universal

Something that is applicable everywhere or in all cases; general.

Automatic

Processes or actions that occur without conscious thought or intention, often as a result of learning or habituation.

Attribution

The process by which individuals explain the causes of behavior and events, either attributing them to internal dispositions or to external situations.

Social Perception

The process by which individuals form impressions of and make inferences about other people and social situations.