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A firm's static budget predicted $125,000 in fixed overhead costs. The firm applied $135,000 of...

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Accounting

A firm's static budget predicted $125,000 in fixed overhead costs. The firm applied $135,000 of fixed overhead costs. The firm's actual fixed overhead costs were $117,000.

What is the firm's fixed overhead spending variance (round final answer to cents if necessary)?

a.

$10,000 unfavorable
b.

$10,000 favorable
c.

$8,000 favorable
d.

$8,000 unfavorable

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