Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] AirPro Corporation reports the following for this period. Actual total overhead Standard overhead applied Budgeted (flexible) variable overhead rate Budgeted fixed overhead Predicted activity level Actual activity level $ 28,975 $ 31,000 $ 11,800 $ 2.10 per unit 11,800 units 10,000 units QS 21-16 (Algo) Volume variance LO P4 Compute the volume variance and identify it as favorable or unfavorable. Volume Variance Budgeted (flexible) overhead $ 10,000 Standard overhead applied 11,100 Volume variance $ 1,800 Unfavorable