A company provided the following information:

Standard fixed overhead rate (SFOR) per direct labour hour$7.00

Actual fixed overhead rate (AFOR) per direct labour hour $6.95

Actual direct labour hours worked (AH)36,100

Actual production in units12,000

Standard hours allowed for actual units produced (SH)36,000

Required:

1.Using the columnar approach, calculate the fixed overhead spending and efficiency variances.