Modine Corporation Has Provided the Following Data for September Required:
A

Essay

Modine Corporation has provided the following data for September. $\begin{array}{llcc} \text { Denominator level of activity........................ } &1,600&\text { machine-hours}\\ \text {Budgeted fixed manufacturing overhead costs } &\$2,400\\ \text {Fixed portion of the predetermined overhead } &\\ \text {rate................................................................ } &\$26.50&\text { per machine-hour}\\ \text { Actual level of activity.................................. } &1,700&\text { machine-hours}\\ \text { Standard machine-hours allowed for the actual } &\\ \text { output .........................................................} &2,000&\text { machine-hours}\\ \text { Actual fixed manufacturing overhead costs....} &\$41,740\\\end{array}$
Required:
a.Compute the budget variance for September.Show your work!
b.Compute the volume variance for September.Show your work!