Merone Corporation applies manufacturing overhead to products on the basis of standard machine-hours. The company bases its predetermined overhead rate on 2,500 machine-hours. The company's total budgeted fixed manufacturing overhead is $6,000. In the most recent month, the total actual fixed manufacturing overhead was $5,540. The company actually worked 2,400 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 2,520 machine-hours. What was the overall fixed manufacturing overhead volume variance for the month? (Round your intermediate calculations to 2 decimal places.) Multiple Choice $460 Favorable $240 Unfavorable $48 Favorable O $240 Favorable