6 Exercise 8-17A (Algo) Determining and interpreting fixed cost variances LO 8.4, 8-5, 8-6 Fanning Company established a predetermined tored overhead cost rate of 538 per unit of product. The company planned to make 7300 units of product but actually produced only 6,300 units. Actual fued overhead costs were 5277500 Required Determine the fixed cost spending variance and indicate whether it is favorable (f) or untavorable (U). b. Determine the fixed cost volume variance and indicate whether it is favorable (F) or unfavorable (U). (For all requirements, Select "None" If there is no effect (lezero variance)) Totul spending variance Tolome variance