Chapter 8 - BB exercise No 3 - Practice Question no 3 (1 point) Michael Corporation manufactured 26,000 units during March. The fixed-overhead cost- allocation rate is $20.00 per machine-hour. The following fixed overhead data pertain to March: Actual Static Budget Production 26,000 units 24,000 units Machine-hours 6,100 hours 6,000 hours Fixed overhead costs for March $128,000 $120,000 What is the flexible-budget amount? The format of your answer must be as follows: The flexible-budget amount is $10.00 - (this is not the correct answer) Chapter 8 - BB exercise No 3 - Practice Question no 4 (2 points) Using the data from question 3, answer the following question: What is the amount of fixed overhead production volume variance