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 Standard Standard Quantity Rate Unit Cost Variable manufacturing overhead 0.6 $0.80 $0.48 During August, LLL had the following actual results: Units produced and 22,700 sold Actual variable $ 9,490 overhead Actual direct 16,000 labor hours Lamp Light Limited (LLL) calculates a fixed overhead rate based on budgeted fixed overhead of $25,875 and budgeted production of 20,700 units. Actual results were as follows: Number of units produced and sold 22,700 Actual fixed overhead $23,875 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