Standish Company manufactures consumer products and provided the following information for the month of February: Units produced 131,900 Standard direct labor hours per unit 0.2 Standard fixed overhead rate (per direct labor hour) $2.30 Budgeted fixed overhead $64,900 Actual fixed overhead costs $69,000 Actual hours worked 26,450 Required: 1. Calculate the fixed overhead spending variance using the formula approach. 1,042 X 2. Calculate the volume variance using the formula approach. $ 3. What if 127,200 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