The following static budget is provided: Per Unit $ 80 Total $1,040,000 Sales Less variable costs: Manufacturing costs Selling and administrative costs Contribution margin Less fixed costs: Manufacturing costs Selling and administrative costs Total fixed costs 40 20 $20 520,000 260,000 $ 260,000 82,000 132,000 214,000 46,000 Net income $ What will be the overall volume variance if 12,400 units are produced and sold? Multiple Choice $24,000 F $12.000 F $12,000 U O $48,000 V