Bullseye Company manufactures dartboards. Its standard cost information follows: Direct materials (cork board) Standard Quantity 2.60 sq. ft. Standard Standard Price (Rate) Unit Cost Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($12,750/85,000) 0.80 hrs. $ 0.80 per sq. ft. $ 9.00 per hr. $ 2.08 7.20 0.80 hrs. $ 0.70 per hr. 0.56 0.15 Bullseye has the following actual results for the month of September: 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 cost 70,000 187,000 $ 187,500 75,000 $ 110,000 $ 114,700 $ 29,000 Required: 1. Calculate the fixed overhead spending 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).) 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 (i.e., zero variance).) 1. Fixed Overhead Spending Variance 2. Fixed Overhead Volume Variance 3. Total Fixed Overhead Variance