Loon Industries gathered the following information for the month ended June 30: The static budget volume is 2,000 units: Overhead flexible budget: Number of units Standard machine hours Budgeted variable overhead costs: Budgeted fixed overhead costs: 4,000 9,600 12,000 5,000 6,000 14,400 $24,000 $21,600 $30,000 $36,000 $21,600 $21,600 Actual production was 7,000 units. Actual overhead costs were $28,000 for variable costs and $37,000 for fixed costs. Actual machine hours worked were 10,000 hours. What is the fixed overhead volume variance? (Assume the allocation base for fixed overhead costs is machine hours.) OA. $16,800 favorable. OB. $16,800 unfavorable OC. $54,000 favorable OD. $54,000 unfavorable I Marshall Industries gathered the following information for the month ended June 31: The static budget volume is 3,000 units. Overhead flexible budget Number of units 8,000 9,000 10,000 Standard machine hours 22,400 25,200 28,000 Budgeted variable overhead costs: Budgeted fixed overhead costs: $112,000 $46,200 $126,000 $140,000 $46,200 $46,200 Actual production was 6,500 units. Actual overhead costs were $25,000 for variable costs and $38,000 for fixed costs. Actual machine hours worked were 16,000 hours. What is the standard variable overhead rate per machine hour? OA $2.73 OB. $1.83 OC. $5.00 OD. $14.00 CLD Say Cheese Inc. bought a new high-speed photo copier to offer customers the opportunity to make high-quality copies out of their digital pictures. Its useful life is 8 years. The copier cost $7,740 and will generate annual cash inflows of $2,190. The residual value of the copier is $1,350. The payback period in years is closest to A. 2.92 OB. 2.53 OC. 5.73 OD. 3.53