The Ferris Company applies manufacturing overhead costs to products on the basis of standard direct labor-hours. The standard cost card shows that 3 direct labor-hours are required per unit of product. For August, the company budgeted to work 90,000 direct labor-hours and to incur the following total manufacturing overhead costs: 
During August, the company completed 28,000 units of product, worked 86,000 direct labor-hours, and incurred the following total manufacturing overhead costs: 
The denominator activity in the predetermined overhead rate is 90,000 direct labor-hours.
-For August, the fixed manufacturing overhead budget variance is:
Definitions:
Mean Absolute Deviation
The average of the absolute differences between each data value and the mean of the data set, measuring variability.
Forecast Error
The difference between the actual value and its forecasted value in a time series analysis.
Sum of Squares
The total squared difference between each observation and the mean of the data set, used in statistical analysis to measure variation.
Mean Absolute Deviation
A measure of variability that shows the average distance between each data point and the mean of the dataset.
Q2: A direct labor worker at Santana Corporation
Q5: Gabris Company's quality cost report is to
Q5: Becky works 42 hours during a week
Q8: The fixed manufacturing overhead budget variance and
Q14: For August, the fixed manufacturing overhead volume
Q30: Kane Company is in the process of
Q53: Auguste Corporation uses the FIFO method in
Q65: Managerial accounting:<br>A) has its primary emphasis on
Q68: What was Wriphoff's variable overhead rate variance
Q116: Which two terms below describe the wages