So...we are at the end of the year and Fluffy has eaten some of our cost records. From the papers that Fluffy did not eat, here is what we still know.... . We thought we would make 6000 chairs. We actually made 5000 chairs. Each chair was supposed to use 3 pounds of material. . We bought 18000 pounds of material. Each pound of material was supposed to cost $2.00. The Direct materials Price Variance was $9000 Unfavorable. We used 16000 pounds of material. We actually incurred $182,000 of direct labor cost. We thought each chair would take 5 hours to make. We thought we would have to pay $7.00 per direct labor hour. We actually used 28,000 hours to make all of the chairs. We thought we would pay $0.50 more per hour for our direct labor than what we actually paid per hour. We allocate variable overhead on the basis of direct labor hours. We budgeted $150,000 for variable overhead. The standard fixed overhead rate was $4.00 per machine hour. We spent $131,000 for variable overhead and $37,000 for fixed overhead We thought it would take 2 machine hours for each chair we produced Question 59 1 pts What was the fixed overhead spending variance? (Only enter the dollar amount. The next question will ask whether it is favorable or unfavorable.) Question 60 1 pts The variance in the last question was: Favorable Unfavorable Neither D Question 61 1 pts What was the production volume variance? (Only enter the dollar amount. The next question will ask whether it is favorable or unfavorable.) Question 62 1 pts The variance in the last question was: Favorable Unfavorable Neither Question 63 1 pts What was the fixed overhead flexible budget variance? (Only enter the dollar amount. The next question will ask whether it is favorable or unfavorable.) Question 64 1 pts The variance in the last question was: Favorable Unfavorable Neither