Fixed Overhead Spending and Volume Variances, Columnar and Formula Approaches Branch Company provided the following information: Standard fixed overhead rate (SFOR) per direct labor hour 5.00 Actual fixed overhead BFOH Actual production in units Standard hours allowed for actual units produced (SH) Required Enter amounts as positive numbers and select Favorable (F) or Unfavorable(U) $305,000 $300,000 16,000 64,000 1. Using the columnar approach, calculate the fixed overhead spending and volume variances Spending Volume 2. Using the formula approach, calculate the fixed overhead spending variance. 3. Using the formula approach, calculate the fixed overhead volume variance 4. Calculate the total fixed overhead variance