Homework: Chapter 8 Save Score: 1 of 5 pts 1 of 7 (1 complete) HW Score: 4.1796, 1 of 24 pts TI8-2 (book/static) Question Help Sanjana Company makes watches. For 2017, the oompany expected fixed overhead costs of $648,000. Sanjana uses direct labor-hours to allocate fixed and anticipates 21,600 hours during the year for an expected output of 540,000 units. An equal number of units are budgeted for each month. During October 48,000 watches were produced and $52,000 was spent on foxed overhead Calculate the following: a. the fixed overhead rate for 2017 b. the fxed overhead spending variance for October, and c. the production-volume variance for October. a. Calculate the fixed overhead rate for 2017 Sanjana Company's fxed overhead rate for 2017 is $ b. Calculate the fixed overhead spending variance for October. (Complete all answer boxes.) Sanjana Company's fixed overhead spending variance for October is $ 30 per hour