The fixed overhead budget variance is:

A) $16,000 F
B) $12,234 F
C) $12,234 U
D) $16,000 U

Fixed Overhead

The regular, recurring expenses that are not affected by the level of business activity, such as rent, salaries, and insurance.

Budget Variance

Budget Variance is the difference between what was budgeted or planned for a particular period and what was actually spent or received.