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I believe the numbers are correct, but how can you tell if variance is favorable or unfavorable? Holl Corporation has provided the following data for

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I believe the numbers are correct, but how can you tell if variance is favorable or unfavorable?

Holl Corporation has provided the following data for November. 6,500 machine- $87,750 Denominator level of activity Budgeted fixed manufacturing overhead coats Standard machine-hoursallowed for the actual output Actual fixed manufacturing overhead costs 6,800 machine- $86,450 hours Required: a. Compute the budget variance for November. b. Compute the volume variance for November. (Input all amounts as positive values.) $ 1,300LU $ 4,050E U a. Budget variance b. Volume variance

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