s Cerone Corporation allocates manufacturing overhead to products on the basis of standard machine-hours. The company bases ts predetermined overhead rate on 2,300 machine-hours. The company's total budgeted fixed manufacturing overhead is $5,060. In the most recent month, the total actual fixed manufacturing overhead was $4,660. The company actually worked 2,200 machine- hours during the month. The standard hours allowed for the actual output of the month totaled 2,320 machine-hours. What was the fixed overhead production volume variance for the month? a. $220 unfavorable b. $400 favorable c. $44 favorable d. $220 favorable When the actual price paid on credit for a raw material is less than its standard price, the journal entry would include: A) Credit to Materials Control; Credit to Materials Price Variance B) Credit to Accounts Payable, Credit to Materials Price Variance C) Credit to Materials Control; Debit to Materials Price Variance D) Credit to Accounts Payable; Debit to Materials Price Variance ina methods would the term contribution margin appear