XYZ Company manufactures tables.The company budgets fixed overhead to be $10,000 for the month of August.The company applies overhead costs to jobson the basis ofdirect labour hours.The company has the following direct labour standards:It expects each table will take two hours to make, and the company anticipates making 1,000 tables (direct labour workers are budgeted to work for 2,000 hours during the month).

During August, the company produced 1,200 tables and workers worked a total of 2,200 hours.Actual fixed overhead incurred for August was $10,500.

Needed

Calculate the company's fixed manufacturing overhead spending and volume variances.