Acme Companys production budget for August is 23,000 units and includes the following component unit costs: direct materials, $9.0; direct labor, $11.0; variable overhead, $5.8. Budgeted fixed overhead is $49,000. Actual production in August was 24,075 units, actual unit component costs incurred during August include direct materials, $10.00; direct labor, $10.00; variable overhead, $6.80. Actual fixed overhead was $52,200, the standard fixed overhead application rate per unit consists of $2.4 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.)