Dellarocco Incorporated makes a single product-a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted fixed manufacturing overhead$355,740 Budgeted hours 49,000labor-hoursActual fixed manufacturing overhead$372,740 Actual hours 45,600labor-hours?The fixed overhead budget variance is:
A. $37,328 U
B. $17,000 F
C. $37,328 F
D. $17,000 U
Answer: D
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