Acme Company uses a standard cost accounting system and applies manufacturing overhead on machine hours. The Year 1 planning budget assumptions are as follows: 122,400 units produced, 30,600 machine hours, and $581,400 of fixed manufacturing overhead costs. The actual results for Year 1 are as follows: 126,320 units produced, 31,400 machine hours, and $597,000 of fixed manufacturing overhead costs. What is the fixed manufacturing overhead volume variance for Year 1? O $21,000 unfavorable O $3,020 favorable O $3,420 favorable O $18,620 favorable O None of the above

Acme Company uses a standard cost accounting system and applies manufacturing overhead on maching hours The Vear 1 planning budget assumptions are as follows: 122,400 units produced. 30,000 machine hours, and $581,400 of fixed manufacturing overhead costs. The actual results for Year 1 ane as follows: 126,320 units produced, 31,400 machine hours, and $597,000 of fixed manufacturing overhead costs. What is the fixed manufacturing overhead volume variance for Year 1? S21.000 untisorable $3,420 trorable 518,020 turoratie None of the above Acme Company uses a standard cost accounting system and applies manufacturing overhead on maching hours The Vear 1 planning budget assumptions are as follows: 122,400 units produced. 30,000 machine hours, and $581,400 of fixed manufacturing overhead costs. The actual results for Year 1 ane as follows: 126,320 units produced, 31,400 machine hours, and $597,000 of fixed manufacturing overhead costs. What is the fixed manufacturing overhead volume variance for Year 1? S21.000 untisorable $3,420 trorable 518,020 turoratie None of the above