The Managerial Accountant at Matheson Tool Company Is Compiling a Fixed

Short Answer

The managerial accountant at Matheson Tool Company is compiling a fixed overhead volume variance report. According to the data, 4,200 standard hours were tallied at $8 per machine hour, the fixed overhead volume variance was calculated at $2,860 U. Compute the budgeted fixed overhead cost at $2,860U and compare the budgeted fixed overhead cost if the fixed overhead volume variance was $2,860F.