Lamp Light Limited (LLL) in E9-11 calculates a fixed overhead rate based on budgeted fixed overhead of $32,400 and budgeted production of 24,000 units. Actual results were as follows:

Number of units produced and sold.... 25,000

Actual fixed overhead ...........$32,000

Required:

Calculate the following for LLL:

1. Fixed overhead rate based on budgeted production.

2. Fixed overhead spending variance.

3. Fixed overhead volume variance.

4. Over or under-applied fixed overhead.