4. GB Electronics manufactures televisions. The budgeted fixed overhead costs for 2020 totaled $1,104,000. The company uses direct labor-hours for fixed overhead allocation and anticipates 27,600 hours during the year for 378,000 units. An equal number of units are budgeted for each month. During December, 32,000 televisions were produced and $95,000 was spent on fixed overhead. Required: Prepare a variance analysis report showing all variances (spending and production-volume variances) and any over/under allocation of fixed overhead costs. (8 points)