B Company applies fixed factory overhead at the rate of $7 per machine hour. The fixed overhead budget is $28,000 per month. The standard machine hours allowed is 5 hours per finished unit. Last month, the company produced 700 units, incurring fixed factory overhead costs of $26,800. Calculate the two fixed overhead variances, label them by name, indicate if each is favorable or unfavorable, and identify the position of the individual we would question to find more out about why the variance occurred.