Exercise 16-50 (Static) Overhead Variances (LO 16-5, 6)

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

Actual overhead incurred	$	1,050,000	($774,000 variable and $276,000 fixed)
Budgeted fixed overhead	$	280,800
Standard variable overhead rate per direct labor-hour	$	30
Standard hours allowed for actual production		25,200	hours
Actual labor-hours used		26,100	hours

Required:

What are the variable overhead price (spending) and efficiency variances and the fixed overhead price (budget) 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.)