You have been given the following information about the production of Blue Spruce Co., and are asked to provide the factory manager with information for a meeting with the vice-president of operations: Standard Cost Card $17.92 Direct materials (5,60 kg at $3.20 per kilogram) Direct labour (0.50 hours at $4.50) Variable overhead (0.50 hours at $3.20 per hour) Fixed overhead (0.50 hours at $6.00 per hour) 2.25 1.60 3.00 $24.77 The following is a production report for the most recent period of operations: Variances Total Standard Cost Price/ Rate Spending Budget Quantity/ Efficiency Volume $333,312 $5,356 F $9.472 0 Costs Direct materials Direct labour Variable overhead 41,850 2,650 U 5,850 U 29,760 $1,290F ? Fixed overhead 55,800 400 F $12,000 U What was the actual variable overhead cost incurred during the period? Actual variable overhead $ What is the total fixed overhead cost in the company's master budget? Budgeted fixed cost $ V What were the master budget hours for fixed overhead? Master budget hours hours