Question 2 (4 points) Rounding/Entry Rules: Round your numerical answers to the nearest DOLLAR. Do not enter $ or , when entering amounts. If asked to enter a word or letter, be sure you check the spelling. Question: The standard costs for Talk Too Much Inc., a company that makes cell phones, is as follows: Standard Cost per Unit Total Fixed overhead 9 hours @ $10 per hour 90 Overhead is applied to products on the basis of standard direct labor hours for actual production. The following information is available regarding the company's operations for the period: Actual units produced 11,500 units Total actual direct labor hours 98,000 hours Actual fixed manufacturing overhead incurred $1, 100,000 Budgeted fixed manufacturing overhead for the period $976,500 Budgeted units for the period 10,850 units Required: Calculate the fixed overhead variances. Use your answer to answer the following questions. NOTE: Please enter all variances as positive numbers. The amount of the fixed overhead spending variance for the period is Indicate if the fixed overhead spending variance is favourable (enter the letter F) or unfavourable (enter the letters UF). The amount of the fixed overhead volume variance for the period is $. Indicate if the fixed overhead volume variance is favourable (enter the letter F) or unfavourable (enter the letters UF). A/