Teal Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine hours (MH)The company has provided the following data for the most recent month Budgeted level of activity Actual level of activity Standard variable manufacturing overhead rate Budgeted fixed manufacturing overhead cost Actual total variable manufacturing overhead Actual total fixed manufacturing overhead 10,50 MHs 10,600 MH $ 7.70 per 10 $70,000 $71,600 $76,000 What was the fixed manufacturing overhead budget variance for the month? $6,000 Unfavorable $6,000 Favorable O $770 Favorable $770 Unfavorable