Question 21 (0.6 points) Saved The Flapjack Corporation had 8,200 actual direct labor hours at an actual rate of $12.40 per hour. Original production had been budgeted for 1,100 units, but only 1,000 units were actually produced. Labor standards were 7.6 hours per completed unit at a standard rate of $13.00 per hour. The labor rate variance is 1) 84,920 favorable 2) $4,560 unfavorable 3) $4.920 unfavorable 4) $4,560 favorable The standard factory overhead rate is $7.50 per machine hour ($6.20 for variable factory overhead and $1.30 for fixed factory overhead) based on 100% of normal capacity of 80,000 machine hours. The standard cost and the actual cost of factory overhead for the production of 15,000 units during August were as follows: Actual: $360,000 Variable factory overhead Fixed factory overhead 104,000 Standard hours allowed for units produced: 60,000 hours What is the amount of the fixed factory overhead volume variance? 1) $25,000 unfavorable 2) $12,000 favorable 3) $12,000 unfavorable 4) 514,000 unfavorable