Question 12 (3 points) For 2017, the company expects fixed overhead costs of $2,400, and direct labor hours are used to allocate fixed overhead and anticipates 1,200 hours during the year of expected output of 4,800 units. An equal number of units are budgeted for each year. During October, 500 units were produced and $280 was spent on fixed overhead. Compute fixed overhead spending variance. a) $60 F b) $60 U O $80 F d) $80 U