Branch Company provided the following information: Standard fixed overhead rate (SFOR) per direct…
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Branch Company provided the following information:
Standard fixed overhead rate (SFOR) per direct labor hour……….$5.00
Actual fixed overhead…………………………………………..$305,000
BFOH……………………………………………………………$300,000
Actual production in units………………………………………….16,000
Standard hours allowed for actual units produced (SH) …………64,000
Required:
1. Using the columnar approach, calculate the fixed overhead spending and volume variances.
2. Using the formula approach, calculate the fixed overhead spending variance.
3. Using the formula approach, calculate the fixed overhead volume variance.
4. Calculate the total fixed overhead variance.
Branch Company provided the following information Standard fixed overhead rate SFOR
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