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Merone Corporation applies manufacturing overhead to products on the basis of standard machine- hours. The company bases its predetermined overhead rate on 3,300 machine-hours. The
Merone Corporation applies manufacturing overhead to products on the basis of standard machine- hours. The company bases its predetermined overhead rate on 3,300 machine-hours. The company's total budgeted fixed manufacturing overhead is $10,560. In the most recent month, the total actual fixed manufacturing overhead was $10,100. The company actually worked 3,200 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 3,320 machine- hours. What was the overall fixed manufacturing overhead volume variance for the month? (Round your intermediate calculations to 2 decimal places.) Multiple Choice $320 Favorable $64 Favorable 0 $460 Favorable $320 Unfavorable
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