The following information for the past year is available from ABC, a company that uses machine hours to apply standard factory overhead cont to output: 24,000 $ Actual total factory overhead cost incurred Budgeted fixed overhead cost Standard machine hours allowed for the units manufactured Standard variable overhead rate per machine hout 11,000 4.800 $ 3.00 The total flexible-budget variance, to the nearest whole dollar, is: $1,400 favorable. $1,400 unfavorable. $600 unfavorable $400 favorable