Question:

Maurizio Corporation produces exquisite Italian meals.

The following standard costs were used for one of its products:

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

period:

$1.$ The amount of the fixed overhead spending variance for the period is $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_.$

$2.$ Indicate if the fixed overhead spending variance is favourable $($enter the letter F$)$ or unfavourable $($enter the letters UF$).$

$3.$ The amount of the fixed overhead volume variance for the period is $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_.$

$4.$ Indicate if the fixed overhead volume variance is favourable $($enter the letter F$)$ or unfavourable $($enter the letters UF$).$