Question 8 (1 point) The cost driver for overhead at Diseth Corporation is machine-hours. The company bases its overhead rate on 5,300 machine-hours. The company's budgeted fixed manufacturing overhead is $12,720. In the most recent month, fixed manufacturing overhead was $12,370. The company worked 5,350 machine- hours. The standard hours allowed for the output of the month totaled 5,540 machine-hours. What was the volume variance for the month? O 1) $120 favorable O 2) $350 favorable 3) $120 unfavorable 0 4) $576 favorable Save Question 9 (1 point) An overhead volume variance is calculated as the difference between hours allowed for actual output and standard hours O 1) divided by actual number of hours worked O 2) times the predetermined variable overhead rate. 3) times the total predetermined overhead rate. 4) times the predetermined fixed overhead rate