Steep, Inc How Much Is the Overhead Volume Variance?
A) $1,460 Unfavorable

Steep, Inc. budgeted 6,000 cup holders for March. Each holder is sold for $12. Manufacturing overhead is applied based on units produced. Actual production for March was 6,300 cup holders. Standards and actual costs follow for March:
$\begin{array}{|l|c|c|}\hline &\text { Standards }&\text { Actual }\\\hline \text { Materials } & 1.1 \text { pounds @ \$2.40 a pound } & \begin{array}{c}6,400 \text { pounds purchased for } \$ 15,040 \\6,450 \text { pounds used }\end{array} \\\hline \text { Labor } & 0.10 \text { hours @ } \$ 14.00 \text { per hour } & 620 \text { hours @ } \$ 14.30 \text { per hour } \\\hline \text { Variable overhead } & \$ 16,800 & \$ 18,400 \\\hline \text { Fixed overhead } & \$ 9,600 & \$ 10,300\\\hline\end{array}$
How much is the overhead volume variance?

A) $1,460 unfavorable
B) $480 favorable
C) $2,300 unfavorable
D) $980 favorable