Two Little Chipmunks, Inc. produces a single product and uses a standard costing system applying manufacturing overhead based on standard machine hours allowed for actual output. At the end of the year, the company reported results below for fixed manufacturing overhead (FMOH): FMOH budget variance FMOH volume variance $1,038 Unfavorable $2,013 Favorable Which of the following statements is true regarding FMOH? Multiple Choice It was overopplied by $3,051, It was underopoled by 5975 It wonderapped by $3.051