16-50

Brice Corporation shows the following overhead information for the current period.

Actual overhead incurred	$	1,051,200	($276,600 fixed and $774,600 variable)
Budgeted fixed overhead	$	282,000	(22,200 direct labor-hours budgeted)
Standard variable overhead rate per direct labor-hour	$	29.94
Standard hours allowed for actual production		25,800	hours
Actual labor-hours used		26,700	hours

Required:

What are the variable overhead price and efficiency variances and the fixed overhead price variance? (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)