Fletcher Company collected the following data regarding production of one of its products. Compute the fixed overhead cost variance.
A) $18,300 favorable.
B) $18,000 favorable.
C) $18,000 unfavorable.
D) $18,300 unfavorable.
E) $14,300 unfavorable.
C) $18,000 unfavorable.
Explanation: Actual fixed overhead $338,000 - Applied (40,000 * $8.00 = $320,000) = $18,000 unfavorable.
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