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Fixed Overhead Variances:
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Fixed overhead variances:
a. Fixed overhead budget variance:
 Budgeted fixed overhead $24,000 Less actual fixed overhead costs 24,500 Fixed overhead budget variance $500(U)\begin{array}{|l|l|}\hline \text { Budgeted fixed overhead } & \$ 24,000 \\\hline \text { Less actual fixed overhead costs } & 24,500 \\\hline \text { Fixed overhead budget variance } & \$500(\mathrm{U}) \\\hline\end{array}


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