Projected benefit obligation at Jan. 1, 2020 $273,650 Plan Assets 560,530 Service cost for 2020 39,952 Retiree benefits paid (end of year) 21,768 Discount rate 9% Expected return on Plan Assets 7% Actual Return on Plan Assets 8% No change in actuarial estimates occurred during 2020. What is DVC’s pension expense for 2020?

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.