Approach Company, which applies overhead to production on the basis of machine hours, reported the following data for the period just ended:

Actual units produced: 12,700 Actual fixed overhead incurred: $651,000 Standard fixed overhead rate: $14 per hour Budgeted fixed overhead: $700,000 Planned level of machine-hour activity: 50,000

If Approach estimates four hours to manufacture a completed unit,

1. the company's fixed-overhead budget variance would be:

2. the company's fixed overhead volume variance would be: