Sloth Company Reports the Following Information for the Last Year

Multiple Choice

Sloth Company reports the following information for the last year of operations:
$\begin{array} { l } \text {Actual fixed overhead \( \operatorname{costs}(7,000 \) units) }&\$77,000 \\ \text {Budgeted fixed overhead costs(10,000 units) }&80,000 \\ \text { Planued level of operations(in units) }&10,000 \\ \text {Actual level of operations(in units) }&7,000 \\\end{array}$

What is the fixed overhead spending variance?

A) $3,000 Favorable
B) $21,000 Unfavorable
C) $24,000 Unfavorable
D) $30,000 Favorable