Foster Corporation uses a standard cost system. There is no beginning or ending work in process, and finished goods inventory balances.
The following information was provided concerning the one product produced by this company for the period that just ended:
This company used Direct labor hours as the cost driver for the application of overhead.
		Actual price per kilogram	$2.94
		Actual kilograms of material used	31,500
		Actual kilograms of material purchased	32,000
		Actual hourly labor rate	$17.49
		Actual hours of production	4,900	labor hrs.
		Standard price per kilogram	$2.96
		Standard kilograms per completed unit	6
		Standard hourly labor rate	$17.90
		Standard time per completed unit	1	Hour
		Actual Variable factory overhead	$17,395.00
		Actual Fixed factory overhead	$18,200.00
		Standard fixed factory overhead rate	$3.25	per labor hour
		Standard variable factory overhead rate	$3.80	per labor hour
		Budgeted fixed overhead	$18,300.00
		Units completed during the period	4,950
You have just been hired by a local plastic pool manufacturer to determine if they are controlling their costs.

4. Fixed manufacturing overhead spending and volume variances.

Fixed Manufacturing overhead spending variance

Fixed overhead volume variance