Lamp Light Limited $($LLL$)$ manufactures lampshades. It applies variable overhead on the basis of direct labor hours. Information from LLL$$s standard cost card follows:

Standard Quantity Standard Rate Standard Unit Cost

Variable manufacturing overhead $0\mathrm{.}6$ $$0\mathrm{.}80$ $$0\mathrm{.}48$

During August, LLL had the following actual results:

Units produced and sold $21,900$

Actual variable overhead $ $9,490$

Actual direct labor hours $16,000$

Lamp Light Limited $($LLL$)$ calculates a fixed overhead rate based on budgeted fixed overhead of $$73,150$ and budgeted production of $20,900$ units. Actual results were as follows:

Number of units produced and sold $21,900$

Actual fixed overhead $ $72,150$

Required:

$1.$ Calculate the fixed overhead rate based on budgeted production for LLL$.$

$2.$ Calculate the fixed overhead spending variance for LLL$.$

$3.$ Calculate the fixed overhead volume variance for LLL$.$

$4.$ Calculate the over$-$ or underapplied fixed overhead for LLL$.$