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Information on Carney Company's fixed overhead costs follows: Overhead applied $ 362,200 Actual overhead 388,800 Budgeted overhead 374,500 Required: What are the fixed overhead price

Information on Carney Company's fixed overhead costs follows:

Overhead applied $ 362,200
Actual overhead 388,800
Budgeted overhead 374,500

Required:

What are the fixed overhead price and production volume variances? (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.)

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