Fletcher Company collected the following data regarding production of one of its products. Compute the fixed overhead cost variance Direct labor standard (2 hrs. @ $12.75/hr.) 25.50 per finished unit Actual direct labor hours 81,500 hrs. Budgeted units 42,000 units Actual finished units produced 40,000 units Standard variable OH rate 12 hrs. @$14.30/hr.) $ 28.60 per finished unit Standard fixed OH rate ($336, 000/42,000 units) $ 8.00 per unit Actual cost of variable overhead costs incurred $1,140,000 Actual cost of fixed overhead costs incurred $ 338,000 Multiple Choice $18,300 unfavorable $14300 unfavorable $18,000 favorable $18.300 favorable