One individual's portion of the budgeted FTE allocation is determined by calculating:a. the average hours per pay period up to 80 hours. b. the hours per week the employee works divided by 40 hours. c. the hours per pay period the employee works divided by 80 hours. d. the hours per day the employee works multiplied by days per pay period the employee works divided by 80 hours.

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget.the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead.a total of 119,300 units, using 478,000 direct labor hours, were produced during the year.actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.