Ch QUESTION 2 p ANSWER Lilly Company allocates manufacturing overhead based on machine hours. Each chair produced should require 4 machine hours. Standard fixed cost per machine hour is $8.00. According to the static budget, $16,400 is expected in fixed manufacturing overhead costs. During January, Lilly Company actually used 2,100 machine hours to make 510 chairs. The company spent $6,800 in variable manufacturing overhead costs and $16,100 in fixed manufacturing overhead costs. What is the fixed overhead volume variance? $300 F $300 U $80 U $80 F I DON'T KNOW YET submit correct: 0