3 E9-14 (Algo) Calculating Fixed Manufacturing Overhead Spending, Volume Variances [LO 9-S1) hits Lamp Light Limited (LLL) manufactures lampshades. It applies variable overhead on the basis of direct labor hours. Information from LLL's standard cost card follows: Standard Standard Standard Quantity Rate Unit coat Variable manufacturing overhead 0.6 $0.80 $0.48 Skipped During August, LLL had the following actual results: Book Print Units produced and sold 24,300 Actual variable overhead $ 9.490 Actual direct labor hours 16,000 References Lamp Light Limited (LLL) calculates a fixed overhead rate based on budgeted fixed overhead of $58,575 and budgeted production of 21,300 units. Actual results were as follows: Number of units produced and sold Actual fixed overhead 24.300 555,575 Required: 1. Calculate the fixed overhead rate based on budgeted production for LLL 2. Calculate the fixed overhead spending variance for LLL 3. Calculate the fixed overhead volume variance for LLL 4. Calculate the over- or underapplied fixed overhead for LLL Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 Reg 4 Calculate the floed overhead rate based on budgeted production for LLL. (Round your answer to 2 decimal places.) Food Overhead Rate per unit HO Req 2 and 3 > 21,300 units. Actual results were as follows: Number of units produced and sold Actual fixed overhead 24,300 $ 55,575 Required: 1. Calculate the fixed overhead rate based on budgeted production for LLL. 2. Calculate the fixed overhead spending variance for LLL 3. Calculate the fixed overhead volume variance for LLL 4. Calculate the over- or underapplied fixed overhead for LLL bes Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 Reg4 2. Calculate the fixed overhead spending variance for LLL. (Indicate the effect of each variance by selecting for favorable, "U" for unfavorable, and "None" for no effect (1. zero variance).) 3. Calculate the fixed overhead volume variance for LLL. (Indicate the effect of each variance by selecting "F* for favorable, "U" for unfavorable, and "None" for no effect (ezero variance). Round Fixed overhead rate to 2 decimal places.) Show less 2. Food Overhead Spending Variance 3. Faxed Overhead Volume Variance Fint rences Required: 1. Calculate the fixed overhead rate based on budgeted production for ULLI 2. Calculate the fixed overhead spending variance for LLL 3. Calculate the fixed overhead volume variance for LLL 4. Calculate the over- or underapplied fixed overhead for LLL. Complete this question by entering your answers in the tabs below. Reg 1 Req 2 and 3 Reg 4 Calculate the over- or underapplied fixed overhead for LLL Fixed overhead