Jordan Company produces basketballs and uses a standard costing system. Budgeted fixed overhead was $296,000. Rent changed during the year, causing actual fixed overhead to be $274,000. Jordan Company applies overhead on the basis of DLH. They projected 1,080,000 basketballs would be produced during the year. They actually produced 1,238,000 basketballs. The standard is 1DLH per basketball. They actually used 1DLH per basketball. What is the fixed overhead budget variance

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

answer; lags, push the econ below the natural level of output;