Question: Lukov Incorporated provided the following data: Standard fixed overhead rate (SFOR) ............................. $5 per direct labour hour Actual fixed overhead costs ......................................... $282,686 Standard hours

Lukov Incorporated provided the following data:
Standard fixed overhead rate (SFOR) ............................. $5 per direct labour hour
Actual fixed overhead costs ......................................... $282,686
Standard hours allowed per unit ................................... 4 hours
Actual production ................................................... 14,000 un
Required:
1. Calculate the standard hours allowed for actual production.
2. Calculate the applied fixed overhead.
3. Calculate the total fixed overhead variance.

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