The Total Fixed Overhead Variance Is Calculated by the Following

The total fixed overhead variance is calculated by the following formula:

A) Total actual overhead − Total applied overhead
B) Actual Fixed Overhead - (Standard Overhead Rate × Standard Hours Allowed)
C) Actual Fixed Overhead − (Standard Fixed Overhead Rate × Standard Hours Allowed)
D) Actual Fixed Overhead − (Standard Fixed Overhead Rate × Actual Direct Labor Hours)
E) (Total actual overhead − Standard Fixed Overhead Rate) × Standard Hours Allowed