Maurizio Corporation produces exquisite Italian meals. The following standard costs were used for one of its products: Standard Cost per Unit Total Fixed overhead 9 hours @ $13 per hour $ 117 Overhead is applied to products on the basis of standard direct labor hours for actual production. The following information is available regarding the company's operations for the penod: Actual units produced 1,200 units Total actual direct labor hours 8,500 hours Actual fixed manufacturing overhead incurred $110,000 Budgeted fixed manufacturing overhead for the period $122,850 Budgeted units for the period 1,050 units Required: Calculate the fixed overhead variances. Use your answer to answer the following questions. NOTE: Please enter all variances as positive numbers. The amount of the fixed overhead spending variance for the period is $ ______________ . l:x Indicate if the fixed overhead spending variance is favourable (enter the letter F) or unfavourable (enter the letters UF). :l x The amount of the fixed overhead volume variance for the period is $ ______________ . l:~ Indicate if the fixed overhead volume variance is favourable (enter the letter F) or unfavourable (enter the letters UF). [:'v