Determining the standard fixed factory overhead cost applied to production for a period involves all the following essential elements except: Multiple Choice The total budgeted fixed overhead cost for the period. An assumed output level, as reflected by the quantity of the cost driver for applying the fixed overhead (i. e., the denominator activity level for the period). The actual amount of fixed overhead cost incurred during the period. A cost driver (or drivers) for applying the fixed overhead. The standard fixed overhead application rate.

Turrubiates corporation makes a product that uses a material with the following standards standard quantity 8.0 liters per unit standard price $2.50 per liter standard cost $20.00 per unit the company budgeted for production of 3,800 units in april, but actual production was 3,900 units. the company used 32,000 liters of direct material to produce this output. the company purchased 20,100 liters of the direct material at $2.6 per liter. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for april is: