Question

If an actual incurred cost is $387500 and the flexible budget amount is $168750, then fixed overhead variance of flexible budget would be

a.

$518,750

b.

$418,750

c.

$218,750

d.

$318,750

Answer: (c).$218,750

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Q. If an actual incurred cost is $387500 and the flexible budget amount is $168750, then fixed overhead variance of flexible budget would be

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