Fixed Overhead Variances Petra Company uses standard costs for cost control and internal reporting. Fixed costs are budgeted at $44,000 per month at a normal operating level of 10,000 units of production output. During October, actual fixed costs were $50,000 and actual production output was 12,000 units a. Determine the fixed overhead budget variance. $Answer 2,800 Answer b. Assume that the company applied fixed overhead to production on a per-unit basis. Determine the fixed overhead volume variance. $Answer 0 Answer

Until recently, hamburgers at the city sports arena cost $4.70 each. the food concessionaire sold an average of 13 comma 000 hamburgers on game night. when the price was raised to $5.40, hamburger sales dropped off to an average of 6 comma 000 per night. (a) assuming a linear demand curve, find the price of a hamburger that will maximize the nightly hamburger revenue. (b) if the concessionaire had fixed costs of $1 comma 500 per night and the variable cost is $0.60 per hamburger, find the price of a hamburger that will maximize the nightly hamburger profit.