Branch Company provided the following information: Standard fixed overhead rate (SFOR) per direct…

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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