Parker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows:

	Standard Quantity		Standard Price (Rate)			Standard Unit Cost
Direct materials (plastic)	12	sq ft.	$	0.74	per sq. ft.	$	8.88
Direct labor	0.7	hr.	$	10.60	per hr.		7.42
Variable manufacturing overhead (based on direct labor hours)	0.7	hr.	$	1.10	per hr.		0.77
Fixed manufacturing overhead $832,000 1,040,000 units)							0.80

Parker Plastic had the following actual results for the past year:

Number of units produced and sold		1,140,000
Number of square feet of plastic used		13,110,000
Cost of plastic purchased and used	$	9,439,200
Number of labor hours worked		793,000
Direct labor cost	$	8,088,600
Variable overhead cost	$	951,600
Fixed overhead cost	$	822,000

Calculate Parker Plastics fixed overhead spending and volume variances and its over- or underapplied fixed overhead. (Indicate the effect of each variance by selecting "F" for favorable/Overapplied and "U" for unfavorable/underapplied.)

Fixed Overhead Spending Variance
Fixed Overhead Volume Variance
Over or Underapple Fixed Overhead