Gregorich Incorporated Makes a Single Product--A Critical Part Used in Commercial

Multiple Choice

Gregorich Incorporated makes a single product--a critical part used in commercial airline seats.The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period.Data concerning the most recent year appear below:
The fixed overhead budget variance is:

A) $20,000 U
B) $20,000 F
C) $62,070 F
D) $62,070 U