Acme Companys production budget for August is 19,400 units and includes the following component unit costs: direct materials, $10.0; direct labor, $12.5; variable overhead, $6.0. Budgeted fixed overhead is $51,000. Actual production in August was 20,928 units, actual unit component costs incurred during August include direct materials, $10.50; direct labor, $12.00; variable overhead, $6.50. Actual fixed overhead was $54,400, the standard fixed overhead application rate per unit consists of $2.5 per machine hour and each unit is allowed a standard of 1 hour of machine time.

Required:

Calculate the fixed overhead budget variance and the fixed overhead volume variance. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.)