Teall Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). 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 9,200 MHs 9,300 MHS $ 6.40 per MH $57,000 $58,600 $61,700 What was the fixed manufacturing overhead budget variance for the month? Multiple Choice $640 Favorable $4700 Favorable $4,700 Unfavorable $640 Unfavorable