The standard cost card for the single product manufactured by XYZ Co. Is given below:
Direct material = $70, direct labour = 52, variable overhead = 12.40, fixed overhead = 13.60.
Manufacturing overhead is applied to production on the basis of standard direct labour-hours. During the year, the company worked 74,000 hours and manufactured 19,000 units of product. Selected data relating to the company's fixed manufacturing overhead costs for one year are shown below:

Actual fixed overhead cost: $252,120
Volume variance: $2,380 F
A. What were the standard hours allowed for the year's production?
B. What was the amount of fixed overhead cost contained in the flexible budget for the year?
C. What was the fixed overheard budget variance for the year? Indicate if the variance was favorable or unfavorable?
D. What denominator activity level did the company use in setting the predetermined overhead rate for the year?