Standish Company manufactures consumer products and provided the following information for the month of February: Units produced Standard direct labor hours per unit Standard fixed overhead rate (per direct labor hour) Budgeted fixed overhead Actual fixed overhead costs Actual hours worked Required: 1. Calculate the fixed overhead spending variance using the formula approach 131,700 0.2 $2.30 $64,000 $69,000 26,700 5,000 Unfavorable 2. Calculate the volume variance using the formula approach. -8,418XUnfavorable 3. What if 127,600 units had actually been produced in February? What impact would that have had? Indicate what the new variances would be below Fixed Overhead Spending Variance Volume Variance 5,000 Unfavorable 10,304X Unfavorable