ABC Company applies fixed overhead at $8 per machine hour. During the year actual fixed overhead amounted to $75,000 and the standard machine hours allowed for units produced were 11,000. Budgeted fixed overhead was $80,000. Which of the following is the best description of the items used to calculate the volume variance?
A.
Budgeted fixed o/h Applied fixed o/h Actual fixed o/h $80,000.00 $88,000.00 Ignore
B.
Budgeted fixed o/h Applied fixed o/h Actual fixed o/h $88,000.00 $88,000.00 Ignore
C.
Budgeted fixed o/h Applied fixed o/h Actual fixed o/h $88,000.00 $75,000.00 Ignore
D.
Budgeted fixed o/h Applied fixed o/h Actual fixed o/h $80,000.00 Ignore $75,000.00