Approach Company, which applies overhead to production on the basis of machine hours, reported the following data for the period just ended:Actual units produced: 14,800Actual fixed overhead incurred: $791,000Standard fixed overhead rate: $13 per hourBudgeted fixed overhead: $780,000Planned level of machine-hour activity: 60,000If Approach estimates four hours to manufacture a completed unit, the company's fixed-overhead volume variance would be:
A. $11,000 unfavorable.
B. $10,400 favorable.
C. $11,000 favorable.
D. $10,400 unfavorable.
E. None of the answers is correct.
Answer: D
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