Tasteful Art uses standard costs and flexible budgets for control and product costing. Two hours of work is required per finished unit. The fixed overhead rate per hour is $1.20. During March, the company produced 40,000 units. Tasteful Art reported a favorable $4,800 volume variance and a $2,000 unfavorable spending variance for fixed overhead for March.

a. What was the fixed overhead applied for product costing (i.e., the applied fixed overhead)?

b. What was the amount of budgeted fixed overhead for March?

c. What was the actual fixed overhead?

d. What were the standard hours applied to production?