Sheridan Company uses a standard cost system. Indirect costs were budgeted at $180,000 plus $12 per direct labour hour. The overhead rate is based on 10,000 hours. Actual results were: 8,500 10,000 Standard direct labour hours allowed Actual direct labour hours Fixed overhead Variable overhead $168,000 $163,000 (a) Your Answer Correct Answer (Used) Your answer is partially correct. Calculate the fixed overhead production volume variance. Fixed overhead production volume variance 25200 Unfavourable e Textbook and Media Attempts: 2 of 2 used (b) Calculate the variable overhead spending variance. Variable overhead spending variance $