Standish Company manufactures consumer products and provided the following information for the month of February:

Units produced 131,800

Standard direct labor hours per unit 0.2

Standard fixed overhead rate (per direct labor hour) $2.30

Budgeted fixed overhead $64,300

Actual fixed overhead costs $69,000

Actual hours worked 26,650

Required:

1.Calculate the fixed overhead spending variance using the formula approach.

2.Calculate the volume variance using the formula approach.

3.What if127,100 units had actually been produced in February? What impact would that have had? Indicate what the new variances would be below.