A company uses a standard costing system and applies overhead to production based on direct labor-hours. It provided the following excerpt from the standard cost card of its only product: Fixed Pre- determined Overhead Rate $6.00 per hour Standard Hours 2 hours Standard Cost $12.00 Fixed manufacturing overhead 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 24,060 units. How much was the fixed overhead volume variance? Multiple Choice $3,720 F $13,720 F