Help Save & E SU Enabled: Midterm Two_10_29_2020 A company uses a standard costing system and applies overhead to production based on direct labor-hours. It provided the following excerpt from the standard cost card of its only product: Standard Hours 2 hours Standard Rate $6.ee per hour Standard Cost $12.00 Fixed manufacturing overhead 3:37 During the most recent period, the following additional information was available: The total actual fixed overhead cost was $275,000 The budgeted amount of fixed overhead cost was $285,000 . 46,000 direct labor-hours were actually used to produce 24.050 units. How much was the fixed overhead volume variance? Multiple Choice 53.600 u 2. Prev 18 of 24 11 Next >