Information from the Michael Manufacturing Company is as follows:

Required:

a. Determine the fixed manufacturing overhead budget variance.

b. Determine the fixed manufacturing overhead volume variance in dollars.

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Actual number of direct labor hours Actual fixed manufacturing overhead cost Actual number of units produced Standard fixed manufacturing overhead rate Direct labor efficiency standard Budgeted production Budgeted fixed manufacturing overhead 12,200 $145,900 2,400 units $12 per direct labor hour 5 hours 2,500 units $150,000