Learning: Flexible Budgets and Standard Cost Systems QUESTION ANSWER $3000 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. $300 F S80 U 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 $80 F What is the fixed overhead volume variance? I DONT KNOW YET