The following data pertains to the month of October for ElmCo when production was budgeted...
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Accounting
The following data pertains to the month of October for ElmCo when production was budgeted to be 5,000 units of P90. Fixed manufacturing overhead traceable to the production of P90 is budgeted to be $15,000 for the month and is assigned on the basis of the number of units manufactured using a pre-determined rate. Actual production of P90 for October was 4,600 units and actual Fixed manufacturing overhead costs were $14,650.
Determine the fixed overhead spending variance. (Negative numbers indicate a favorable variance.)
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