The Phelps Company applies overhead costs to products on the basis of standard direct labor-hours. The standard cost card shows that 5 direct labor-hours are required per unit of product. Phelps Company had the following budgeted and actual data for March: Units produced.. Direct labor-hours. Variable overhead costs Fixed overhead costs.. Budgeted Actual 22,000 105,000 100,000 20,000 $91,000 $80,000 $52,000 $50,000 The budgeted direct labor-hours is used as the denominator activity for the month. 22. The fixed manufacturing overhead budget variance for March is: A. $2,500 favorable B. $2,000 favorable C. $500 favorable D. $2,000 unfavorable 23. The fixed manufacturing overhead volume variance for March is: A. $2,500 unfavorable B. $5,000 favorable C. $1,000 favorable D. $5,000 unfavorable