Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Standard Price Standard (Rate) 16 per hr 1.1 per hr Unit Cost 3.42 28.80 1.98 Quantity 1.90 per lb Direct materials (clay) Direct labor Variable manufacturing overhead (based on 1.8 lbs 1.8 hrs. 1.8 hrs. direct labor hours) Fixed manufacturing overhead ($487,500 2.50 195,000 units) Barley Hopp had the following actual results last year Number of units produced and sold Number of pounds of clay used Cost of clay Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost 200,000 368,200 $ 736,400 245,000 $5,806,500 $ 390,000 $ 470,000 Required 1. Calculate the fixed overhead spending variance for Barley Hopp. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable,"U" for unfavorable.) Fixed Overhead Spending Variance