amp 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 Quantity 0.6 Standard Rate 50.80 Standard Unit Cost Variable manufacturing averhead $0.48 During August, LLL had the following actual results: Units produced and sold Actual variable overhead Actual direct labor hours $ 22, 100 9,490 16,00 Lamp Light Limited (LLL calculates a fixed overhead rate based on budgeted fixed overhead of $50.250 and budgeted production of 20.100 units. Actual results were as follows: Number of units produced and Sold Actual fixed overheid 22100 $4,250 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. Ring Rug Ri4