Fixed Overhead Variances Rostand Inc. operates a delivery service for over 70 restaurants. The corporation has a fleet of vehicles and has i sophisticated, computerized communications system to coordinate its deliveries. Rosta year's delivery operations: Deliveries made Direct labor Actual variable overhead $157,700 nd has gathered the following actual data on last 38,600 31,000 direct labor hours@$14.00 a standald csin ysm During the yesx, a var5 10 per hour was used The labor standard requires 0.80 hour per delivery Assume that the actusal fixed overhead was $403,400. Budgeted fixed overhead was $400,000, based on practical capacity of 32,000 direct labor hours. Required: 1. Calculate the standard fixed overhead rate based on budgeted fixed overhead and practical capacity 12.5 2. Compute the fixed overhead spending and volume variances. Enter amounts as positive numbers and select Favorable or Unfavorable Spending variance Volume variance 3,400 Unfavorable v X Unfavorable