Benson Company, which uses a standard cost system, budgeted $656,000 of fixed overhead when 41,000 machine hours were anticipated.

Other data for the period were:

Actual units produced: 12,000

Standard production time per unit: 3.3 machine hours

Fixed overhead incurred: $696,000

Actual machine hours worked: 45,000

Benson's fixed-overhead volume variance is:

$22,400 unfavorable.

$40,000 favorable.

$22,400 favorable.

$40,000 unfavorable.

$12,000 favorable.

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