Theory Enterprises uses a standard cost system and prepared the following budget for May when 21,000 machine hours of activity were anticipated: variable overhead, $84,000; fixed overhead: $588,000. Actual data for May were: Standard machine hours allowed for output attained: 22,000 Actual machine hours worked: 21,000 Variable overhead incurred: $88,000 Fixed overhead incurred: $616,000 The fixed-overhead budget and volume variances for Theory are:

	Fixed-Overhead Budget Variance		Fixed-Overhead Volume Variance
A.	$	0			$	28,000	negative
B.	$	28,000	favorable		$	0
C.	$	28,000	favorable		$	28,000	positive
D.	$	28,000	unfavorable		$	0
E.	$	28,000	unfavorable		$	28,000	negative