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Question Completion Status: Question 26 3 points Save Answer The standard cost sheet for one unit of product manufactured by LA Connection Company shows the following for material and direct labor: Material 4 pieces @ $5.50 $22.00 Direct labor-12 hours @ $4.00 48.00 Standard capacity is 5,000 standard productive hours per month. At this volume, budgeted overhead costs are: fixed, $12,000; variable $6,000. This information is used to calculate SR for Variable Overhead and for Fixed Overhead. During a month in which 570 units were completed, the following production costs were incurred. Purchases of material 2,400 pieces @$5.25 Materials issued 2,300 pieces Direct labor payroll 6,900 hours @ $4.50 Overhead costs: Fixed $12,500 Variable 6,800 $19,300 Be sure to show ALL your work with formulas, if needed, to receive full credit for a correct answer. Using a 4-way analysis of Overhead variances, what is the Fixed Overhead Budget/Spending variance/3pts.) MacBook Air