Question: Hi help pls Calculating the Fixed Overhead Spending and Volume Variances Standish Company manufactures consumer products and provided the following information for the month of

 Hi help pls Calculating the Fixed Overhead Spending and Volume Variances

Hi help pls

Standish Company manufactures consumer products and provided the following information for the

Calculating the Fixed Overhead Spending and Volume Variances Standish Company manufactures consumer products and provided the following information for the month of February Units produced 131,200 Standard direct labor hours per unit 0.2 Standard fixed overhead rate (per direct labor hour) $2.20 Budgeted fixed overhead $64 800 Actual fixed overhead costs $68,500 Actual hours worked 26,800 Required: 1. Calculate the fixed overhead spending variance using the formula approach. 3,700 Unfavorable 2. Calculate the volume variance using the formula approach. $ 57,728 Unfavorable 3. What if 127,700 units had actually been produced in February? What impact would that have had? Indicate what the new variances would be below. Fixed Overhead Spending Variance Unfavorable Volume Variance Unfavorable

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