Radon Corporation manufactured 33,000 grooming kits for horses during March. The company uses machine hour to allocate fixed manufacturing overhead. The following fixed overhead data pertain to March:
Actual Static Budget
Production 33,000 units 30,000 units
Machine-hours 6,600 hours 6,000 hours
Fixed Overhead Costs for March $153,000 $144,000
1. What is the fixed overhead production-volume variance? (HINT: The answer is $14,400 favorable, but I need work to support this)
2. What is the fixed overhead spending variance? (HINT: The answer is $9,000 unfavorable, but I need work to support this)
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