6 25 points eBook Print Exercise 8-17A (Algo) Determining and interpreting fixed cost variances LO 8-4, 8-5, 8-6 Fanning Company established a predetermined fixed overhead cost rate of $22 per unit of product. The company planned to make- 7.400 units of product but actually produced only 7100 units. Actual fixed overhead costs were $171,400 Required a. Determine the fixed cost spending variance and indicate whether it is favorable (F) or unfavorable (U). b. Determine the fixed cost volume variance and indicate whether it is favorable (F) or unfavorable (U) (For all requirements, Select "None" if there is no effect (i.e., zero variance).) a Total spending variance References b. Total volume variance.