The following information is available for the Danske Company: Denominator hours for May 17,500 Actual hours worked during May 18,000 Standard hours allowed for May 14,000 Flexible budget fixed overhead cost $ 95,000 Actual fixed overhead costs for May $ 98,000 Danske Company had total underapplied overhead of $17,000. Additional information is as follows: Variable Overhead: Applied based on standard direct labor hours allowed $ 62,000 Budgeted based on standard direct labor hours 40,000 Fixed Overhead: Applied based on standard direct labor hours allowed $ 50,000 Budgeted based on standard direct labor hours 29,000 Is the production volume variance favorable or unfavorable?