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 16,500 16,400 13,200 $75,000 $78,000 Danske Company had total underapplied overhead of $16,200. Additional information is as follows: Variable Overhead: Applied based on standard direct labor hours allowed Budgeted based on standard direct labor hours Fixed Overhead: Applied based on standard direct labor hours allowed Budgeted based on standard direct labor hours $54,000 39,200 $42,000 28, 200 Is the production volume variance favorable or unfavorable? Multiple Choice Favorable Unfavorable