Financial performance question

lifeisstrange

Hi everyone,
I just would like to know whether my answers below are correct :

Example:

Budgeted fixed production overhead: £200000
Budgeted fixed administrative costs: £50000
Actual fixed production overhead: £250000
Budget fixed administrative costs: £40000
Budget output: 25000
Actual output: 22000
What will be the fixed overhead expenditure variance?
£50000 adverse: I have excluded the budgeted and actual fixed administrative costs Is that correct?
What will be the fixed overhead volume variance?
£24000 adverse Again I have excluded the budgeted and actual fixed administrative cost (not a production cost). Is that correct?

Thank you in advance.

SandyHood

Both variances are correct
Excluding the administrative costs is also correct

Well done

lifeisstrange

Thanks a lot for your reply SandyHood.