Merone Corporation applies manufacturing overhead to products on the basis of standard machine-hours. The company bases its predetermined overhead rate on 3,800 machine-hours. The company's total budgeted fixed manufacturing overhead is $14,060. In the most recent month, the total actual fixed manufacturing overhead was $13,480. The company actually worked 3,700 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 3,820 machine-hours. What was the overall fixed manufacturing overhead volume variance for the month? (Round your intermediate calculations to 2 decimal places.)

Multiple Choice

$370 Favorable

$580 Favorable

$370 Unfavorable

$74 Favorable