Theory Enterprises uses a standard cost system and prepared the following budget for May when 24,000 machine hours of activity were anticipated: variable overhead, $48,000; fixed overhead: $240,000. Actual data for May were Standard machine hours allowed for output attained: 25,000 Actual machine hours worked: 24,000 Variable overhead incurred: $50,000 Fixed overhead incurred: $250,000 The fixed-overhead budget and volume variances for Theory are: Fixed-Overhead Budget Fixed-Overhead Volume Variance Variance $10,000 favorable $ $ e A. $10,000 favorable $10,000 favorable $10,000 unfavorable $10,000 unfavorable . $10,000 unfavorable C. $ D. $10,e00 favorable E. Multiple Choice Choice A Choice B Choice C Choice D Choice E