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Holl Corporation has provided the following data for November. Denominator level of activity 5,400 machine-hours Budgeted fixed manufacturing overhead costs $ 66,960 Standard machine-hours allowed

Holl Corporation has provided the following data for November.

Denominator level of activity 5,400 machine-hours
Budgeted fixed manufacturing overhead costs $ 66,960
Standard machine-hours allowed for the actual output 5,700 machine-hours
Actual fixed manufacturing overhead costs $ 65,880

Required:

a. Compute the budget variance for November.

b. Compute the volume variance for November.

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