McDormand, Inc., reported a $1,900 unfavorable price variance for variable overhead and a $30,000 unfavorable price variance for fixed overhead. The flexible budget had $1,031,700 variable overhead based on 34,390 direct labor-hours; only 33,950 hours were worked. Total actual overhead was $1,780,400. The number of estimated hours for computing the fixed overhead application rate totaled 36,500 hours.

Required:

a. Prepare a variable overhead analysis.(Do not round intermediate calculations. 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.) b. Prepare a fixed overhead analysis.(Do not round intermediate calculations. 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.)