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kirill115 [55]
3 years ago
7

Likert company manufactures extremely accurate scales. They use a standard costing system. Last year the company projected that

296,000 scales would be produced. When Likert company closed out manufacturing overhead, they recorded a $129,000 debit to the FOH Budget Variance and a $150,000 credit to the FOH Volume Variance. Likert company budgeted $2,375,000 of fixed overhead. What was the actual amount of fixed overhead
Business
1 answer:
sergij07 [2.7K]3 years ago
4 0

Answer:

$ 2,504,000

Explanation:

Budgeted overhead= $2,375,000

FOH budget variance= $129,000

Actual amount of fixed overhead= $2,375,000+$129,000

=$ 2,504,000

Therefore the actual amount of fixed overhead will be $ 2,504,000

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