Question

The total fixed overhead variance is:a. the difference between actual and budgeted fixed overhead costs. b. the difference between budgeted fixed and variable overhead costs. c. the difference between budgeted and applied fixed overhead costs. d. the difference between actual and applied fixed overhead costs. e. None of these.

Answer 1

a. the difference between actual and budgeted fixed overhead costs.

Step-by-step explanation:

As we know that

The variance is shows the difference between the actual amount and the budgeted amount or estimate amount

So, the total fixed overhead variance is the difference between the actual fixed overhead costs and the budgeted fixed overhead costs i.e to be fixed in nature

Hence, the first option is correct