The following information is available for the Danske Company: Denominator hours for May Actual hours worked during May Standard hours allowed for May Flexible budget fixed overhead cost Actual fixed overhead costs for May 17,750 18,400 14,200 $100,000 $103,000 Danske Company had total underapplied overhead of $17,200. Additional information is as follows: Variable Overhead: Applied based on standard direct labor hours allowed Budgeted based on standard direct labor hours What is the production volume variance for May? Fixed Overhead: Applied based on standard direct labor hours allowed Budgeted based on standard direct labor hours $64,000 40,200 $52,000 29,200