Actual Fixed Overhead for a Company During March Was $77,612

question 175

Multiple Choice

Actual fixed overhead for a company during March was $77,612.The flexible budget for fixed overhead this period is $78,000 based on a production level of 4,875 units.If the company actually produced 4,300 units,what is the fixed overhead volume variance for March?

• A) $388 favorable
• B) $9,200 unfavorable
• C) $8,812 unfavorable
• D) $388 unfavorable
• E) $9,200 favorable

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Definitions:

Contractual Conditions

Essential terms in a contract that must be met for the contract to be fulfilled and are foundational to the agreement's integrity.

Implied by Law

Pertains to obligations or rights not explicitly stated but inferred by the legal principles and statutes governing the situation.

Consequential Damages

Indirect damages or losses that occur as a natural consequence of an action, usually beyond the immediate physical damage or loss.

Specific Performance

A legal remedy that compels a party to execute their part of a contract, rather than providing monetary compensation for failing to fulfill the contract terms.