88. Somalian Corporation uses a standard costing system. Inform the month of May is as follows:...

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88. Somalian Corporation uses a standard costing system. Inform the month of May is as follows: Actual manufacturing overhead costs ($26,000 is fixed) Direct labor: $80,000 Actual hours worked 12,000 hrs. Standard hours allowed 10,000 hrs. for actual production Average actual labor cost $18 per hour The factory overhead rate is based on a normal volume of 12,00 labor hours. Standard cost data at 12,000 direct labor hours wer Variable factory overhead Fixed factory overhead $48,000 24,000 Total factory overhead $72,000 What is the fixed overhead spending variance for Somalian? 88. Somalian Corporation uses a standard costing system. Inform the month of May is as follows: Actual manufacturing overhead costs ($26,000 is fixed) Direct labor: $80,000 Actual hours worked 12,000 hrs. Standard hours allowed 10,000 hrs. for actual production Average actual labor cost $18 per hour The factory overhead rate is based on a normal volume of 12,00 labor hours. Standard cost data at 12,000 direct labor hours wer Variable factory overhead Fixed factory overhead $48,000 24,000 Total factory overhead $72,000 What is the fixed overhead spending variance for Somalian?