52 newconnect.mieducation.com/2521 Ch. 9 Homework Seved 24 Bullseye Company manufactures dartboards. Its standard cost information follows: 0.41 points Standard Standard Price Quantity (Rate) 2.5 sq. ft. $ 2.00 per sq. ft. 1 hen. $14.00 per he 1 hrs. $ 0.50 per hr. Standard Unit Coat 55.00 14.00 Direct materials (cork board) Direct Labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead (40,000 + 160,000 units) Skloped 0.50 0.25 eBook Bullseye has the following actual results for the month of September Print Number of units produced and sold Number of square feet of corkboard used Cost of corkboard used Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cont 140,000 360,000 $ 756,000 148.000 $1,938,800 $72.000 $ 50,000 References Required: 1. Calculate the fixed overhead spending variance for Bullseye. (Indicate the effect of each variance by selecting "P" for favorable. "U" for unfavorable, and "None" for no effect (i.e., zero variance).) 2. Calculate the fixed overhead volume variance for Bullseye. (Indicate the effect of each variance by selecting "F" for favorable. "U for unfavorable, and "None" for no effect (i.e., zero variance).) 3. Calculate the total over or underapplied fixed manufacturing overhead for Bullseye. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect fi.e., zero variance).) 1. 2 Fixed Overhead Spending Variance Fixed Overhead Volume Variance Total Fixed Overhead Variance