QUESTION 7 Likert company manufactures extremely accurate scales. They use a standard costing system. Last year the company projected that 301,000 scales would be produced. When Likert company closed out manufacturing overhead, they recorded a $136,000 debit to the FOH Budget Variance and a $120,000 credit to the FOH Volume Variance. Likert company budgeted $2,318,000 of fixed overhead. What was the actual amount of fixed overhead