Asher Company manufactures consumer products and provided the following information for the month of February:

Required:
1. Calculate the fixed overhead spending variance using the formula approach.
2. Calculate the volume variance using the formula approach.
3. Calculate the fixed overhead spending variance and volume variance using the threepronged graphical approach.
4. What if 120,700 units had actually been produced in February? What impact would that have had on the fixed overhead spending variance? On the volume variance?LO1

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Units produced 119,000 Standard direct labor hours per unit 0.25 Standard fixed overhead rate (per direct labor hour) $2.50 Budgeted fixed overhead $75,000 Actual fixed overhead costs $78,300 Actual hours worked 30,100