GB Electronics manufactures televisions. The budgeted fixed overhead costs for $2020$ totaled $$1,104,000.$ The company uses direct labor$-$hours for fixed overhead allocation and anticipates $27,600$ hours during the year for $378,000$ units. An equal number of units are budgeted for each month.

During December, $32,000$ televisions were produced and $$95,000$ was spent on fixed overhead.

Required:

Prepare a variance analysis report showing all variances $($spending and production$-$volume variances$)$ and any over$/$under allocation of fixed overhead costs. $(8$ points$)$