20. Canco budgets production of 15,000 units for the period. Budgeted fixed overhead is $45,000. Actual production for the period is 15,200 units. Fixed overhead is allocated to units at a standard of $2 per machine hour. Each unit is budgeted for 1.5 machine hours. Actual fixed overhead cost is $46,000. Actual machine hours is 22,000. Fixed overhead COST variance is: a. $600 favorable b. $1,000 favorable c. $600 unfavorable d. $1,000 unfavorable 21. Refer to the facts of question 20. Fixed overhead VOLUME variance is: a. $600 favorable b. $1,000 favorable c. $600 unfavorable d. $1,000 unfavorable