Actual fixed overhead for a company during March was $77,612. The flexible budget for fixed overhead this period is $78,000 based on a production level of 4,875 units. If the company actually produced 4,300 units, what is the fixed overhead volume variance for March?
a) $388 unfavorable.
b) $9,200 unfavorable.
c) $8,812 unfavorable.
d) $388 favorable.
e) $9,200 favorable.