Exercise 9A-1 (Algo) Fixed Overhead Variances [LO9-7] Primara Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Required: tate to 2 decimal places.) 2. Compute the fored overhead budget variance and volume variance. (Indicate the effect of each variance by selecting "F" for favorable, " U " for unfavorable, and "None" for no effect (i.e., zero variance.). Input all amounts as positive values.)