Question: The following standard costs are for Peggy's Eyes Inc., a company that manufactures sunglasses: Standard Cost per Unit Total Fixed overhead 10 hours @ $11 per hour 35 110 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 12,100 units Total actual direct labor hours 88,000 hours Actual fixed manufacturing overhead incurred $1,090,000 Budgeted fixed manufacturing overhead for the period $1,188,000 Budgeted units for the period 10,800 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 $___-_______m ll'r Indicate if the fixed overhead spending variance is favourable (enter the letter F) or unfavourable (enter the letters UF). :M The amount of the fixed overhead volume variance for the period is $ ______________ . l:r Indicate if the fixed overhead volume variance is favourable (enter the letter F) or unfavourable (enter the letters UF). l x