Required information [The following information applies to the questions displayed below] AirPro Corporation reports the following for this period. Actual total overhead Standard overhead applied Budgeted (flexible) variable overhead rate Budgeted fixed overhead Predicted activity level Actual activity level $ 28,525 $ 33,480 $ 2.10 per unit $ 12,700 12,700 units 10,000 units Compute the volume variance and identify it as favorable or unfavorable. Volume Variance Volume variance