The Steff Company has the following flexible budget (in condensed form) for manufacturing overhead: The following data concerning production pertain to last year's operations:
-The fixed manufacturing overhead budget variance was:
A)$3,450 unfavorable
B)$3,450 favorable
C)$850 unfavorable
D)$1,200 favorable

Question

The Steff Company has the following flexible budget (in condensed form) for manufacturing overhead:  The following data concerning production pertain to last year's operations:  
-The fixed manufacturing overhead budget variance was:
A)$3,450 unfavorable 
B)$3,450 favorable 
C)$850 unfavorable 
D)$1,200 favorable

Quizplus · Accepted Answer

Budget variance = Actual fixed overhead - Budgeted fixed overhead cost
= $30,850 - $30,000 = $850 U

The Steff Company Has the Following Flexible Budget (In Condensed