2. (5 Points) Saffold Corporation has provided the following data for December: Denominator level of activity Budgeted fixed manufacturing overhead costs Fixed component of the predetermined overhead rate Actual level of activity Standard machine-hours allowed for the actual output Actual fixed manufacturing overhead costs 8.400 machine-hours $274,680 $32.70 per machine hour 8.600 machine-hours 8.900 machine hours 5284.730 Calculate the budget and volume variance for the month of December Budget Variance 10.05. Volume Variance 16,350