ABC Ltd$.$ operates a standard costing system. The company$$s budgeted and actual data for the last month is as follows:

$$ Budgeted production: $10,000$ units

$$ Actual production: $9,500$ units

$$ Budgeted fixed overhead: Sh$.500,000$

$$ Actual fixed overhead: Sh$.550,000$

Required: i$)$ Calculate the fixed overhead spending variance and fixed overhead volume variance. $(4$ marks$)$

ii$)$ Explain the meaning of each variance and its impact on management$$s control of fixed costs. $(2$ marks$)$

c$)$ Analyze how unexpected changes in production levels affect the company's ability to control fixed overhead costs