E QUESTION 10 8 points Sav Afr The following information is pertaining to a normal monthly activity of 10,000 units. Standard factory overhead rates are based on a normal monthly volume of one standard direct labor hour per unit. Standard fixed overhead costs per direct labor hour are 56: and standand variable overhead costs per direct labor hour are $10 The units actually produced in current month were 10,500 units. The actual factory fixed overhead costs incurred were $70,000 and the actual variable overhead costs incurred were $86,000. The actual direct labor bors were 9,000 hours Required: (1) Prepare the joumal entries to record the fixed overhead variances (2) Briefly explain the fixed overhead volume variance For the toolbar, press ALT+F10 (PC) or ALT+FN-F10 (Max) BIYS Paragraph Open Sans, sa 100t f