Dawson Toys, Ltd. produces a toy called the Maze. The company has recently established a standard costing system to help control costs with the following standards for the Maze toy: Direct materials: 8 microns per toy at $3.50 per micron Direct labour: 0.90 hours per toy at $15.00 per hour Variable overhead: 0.90 hours per toy at $6.00 per hour During July, the company planned to make 5,300 toys, the normal volume, and produced 5,400 Maze toys. Production data for the month on the toy follow: Direct materials: 32,330 microns were purchased for use in production at a cost of $3.40 per micron. 11,000 of these microns were still in inventory at the end of the month. Direct labour: 5,300 direct labour-hours were worked at a cost of $90,100. Variable overhead cost was $33,740, and fixed overhead cost was $60,600. The budget variance for July was $0. 4. Compute the fixed overhead volume variance. (Round intermediate calculation to 3 decimal places and round your final answer to nearest whole dollar amount.) Answer is complete but not entirely correct. 5. Is there over- or underapplied fixed overhead? (Round intermediate calculation to 3 decimal places and round your final answer to nearest whole dollar amount.)