It was the end of the first quarter, and Sharon was evaluating the company's manufacturing overhead cost situation. She recalled the heated discussions during the budget meetings at the end of the prior year as managers thoroughly considered their options. The resulting annual budgeted variable$-$ MOH cost of $\backslash (\backslash$$ $34,800\backslash )$ and budgeted fixed$-$MOH cost of $\backslash (\backslash$$ $55,100\backslash )$ support a planned volume of $5,800$ units. Standards were also set at that time for the cost driver, machine hours, where each unit should use $1\mathrm{.}25$ machine hours.

At the end of this first quarter, the company had used $1,920$ machine hours in its production of $1,500$ units. Actual variable$-$MOH costs incurred thus far were $\backslash (\backslash$$ $8,640\backslash ),$ and total fixed$-$MOH costs thus far totaled $\backslash (\backslash$$ $13,344\backslash ).$ Determine the fixed$-$MOH price and volume variances for this first quarter.

Fixed$-$MOH price variance

$\backslash$$

Favorable

Fixed$-$MOH volume variance

$\backslash (\backslash$$ $\backslash )$

Favorable