Prado Company applies fixed manufacturing overhead costs to products based on direct labor hours. Information for the month of April appears below. Prado's expected to produce and sell 500 units for the month. Budgeted fixed overhead costs $240,000 Budgeted direct labor hours 12,000 Standard cost per direct labor hour $ 20 Standard direct labor hours per unit 18 Actual production 520 units Actual fixed overhead costs $210,000 Required: Calculate the fixed overhead spending variance and production volume variance. Clearly label each variance as favorable or unfavorable.