A manufacturing company uses a standard costing system in which standard machine-hours (MHs) is the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: 
The following data pertain to operations for the most recent period: 
-What was the fixed manufacturing overhead budget variance for the period to the nearest dollar?
Definitions:
Price
The amount of money required to purchase a good or service.
Demand
How much of a good or service buyers intend and can afford to buy across different prices within a set timeframe.
Marginal Revenue Product
The increase in revenue generated from the use of one more unit of a factor of production.
Perfect Competitor
A theoretical market structure where many firms sell identical products, allowing no single firm to influence market prices.
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