Approach Company, which applies overhead to production on the basis of machine hours, reported the following data for the period just ended:

Actual units produced: 15,200

Actual fixed overhead incurred: $855,000

Standard fixed overhead rate: $13 per hour

Budgeted fixed overhead: $820,000

Planned level of machine-hour activity: 62,000

If Approach estimates four hours to manufacture a completed unit, the company's fixed-overhead volume variance would be:

Multiple Choice

• $15,600 negative.
• $15,600 positive.
• $35,000 negative.
• $35,000 positive.
• None of the answers is correct.