Lihue, Inc., applies fixed overhead at the rate of $3.40 per unit Budgeted fixed overhead was $1,196,460. This month 342,900 units were produced, and actual overhead was $1190,000. Required: a. What are the fixed overhead price and production volume variances for Lihue? b. What was budgeted production for the month? Complete this question by entering your answers in the tabs below. Required A Required B What are the fixed overhead price and production volume variances Yor Lihue? (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) Fixed overhead price variance Fixed overhead production volume variance Required> Exercise 16-44 (Algo) Fixed Cost Variances (LO 16-6) Lihue, Inc., applies fixed overhead at the rate of $3.40 per unit. Budgeted fixed overhead was $1,196,460. This month 342,900 units were produced, and actual overhead was $1,190,000. Required: a. What are the fixed overhead price and production volume variances for Lihue? b. What was budgeted production for the month? Complete this question by entering your answers in the tabs below. Required A Required B What was budgeted production for the month? Budgeted production units