Rostand Inc. operates a delivery service for over 70 restaurants. The corporation has a fleet of vehicles and has invested in a sophisticated, computerized communications system to coordinate its deliveries. Rostand has gathered the following actual data on last year's delivery operations:

Deliveries made 38,600 Direct labor 31,000 direct labor hours @ $9.00 Actual variable overhead $157,700 Rostand employs a standard costing system. During the year, a variable overhead rate of $5.10 per hour was used. The labor standard requires 0.80 hour per delivery.

Assume that the actual fixed overhead was $463,000. Budgeted fixed overhead was $463,000, based on practical capacity of 32,500 direct labor hours.

Required:

1.Calculate the standard fixed overhead rate based on budgeted fixed overhead and practical capacity. Round your answer to the nearest cent.

$

2.Compute the fixed overhead spending and volume variances. Round your final answer to the nearest whole dollar.

Spending variance $

Volume variance $