A company uses a standard costing system and applies overhead to production based on direct labor-hours. It provided the following standard cost card of its only product: Fixed manufacturing overhead Standard Hours 2 hours Standard Rate $6.00 per hour Standard Cost $12.00 During the most recent period, the following additional Information was available: The total actual fixed overhead cost was $275,000. The budgeted amount of fixed overhead cost was $285,000. 46,000 direct labor hours were actually used to produce 24,220 units. How much was the fixed overhead volume variance? Multiple Choice $5,640 F $15.540 A company uses a standard costing system and applies overhead to production based on direct labor-hours. It provided the following information for in most recent year Total budgeted fixed overhead cost for the year Actual fixed overhead cost for the year Budgeted direct labor-hours Actual direct labor-hours Standard direct labor-hours allowed for the actual output $300,000 $274,000 60,000 56,000 58,000 What is the fixed overhead budget variance? Multiple Choice $26.000 526000