Merone Corporation applies manufacturing overhead to products on the basis of standard machine-hours. The company bases its predetermined overhead rate on 3700 machine-hours. The company's total budgeted fixed manufacturing overhead is $13,320. In the most recent month, the total actual fixed manufacturing overhead was $12,890. The company actually worked 3600 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 3720 machine-hours. What was the overall fixed manufacturing overhead volume variance for the month?
A. $430 Favorable
B. $72 Favorable
C. $360 Unfavorable
D. $360 Favorable
Answer: B
Business
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