World Company expects to operate at 80% of its productive capacity of 72,500 units per month. At this planned level, the company expects to use 31,900 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate based on direct labor hours. At the 80% capacity level, the total budgeted cost includes $79,750 fixed overhead cost and $414,700 variable overhead cost. In the current month, the company incurred $488,000 actual overhead and 28,900 actual labor hours while producing 55,000 units (1) Compute the overhead volume variance. (Round all your intermediate calculations to 2 decimal places.) Fixed overhead Applied Fixed OH per DL hr 2.50 Standard DL hours 30,250 75,625 Fixed overhead applied Volume Variance Total fixed overhead applied Total budgeted fixed OH Volume variance