A factory had a plan to purchase a machine that can process 4 tons of a material a day. The budget was $280,000 ($70 ,000 per ton). The factory actually bought a machine [that can process 4 tons per day] for $250,000. However, since the purchase of the machine, the factory has kept processing 3 tons per day. The factory manager regrets and says: we should have purchased a machine [that can process 3 tons a day] for $210,000. Which of the following is true?

	A.	Fixed overhead volume (production volume) variance is $40,000, unfavorable.
	B.	Fixed overhead budget (price) variance is $30,000, favorable.
	C.	Fixed overhead total variance is $70,000, unfavorable.
	D.	The machine is being over-utilized.