McDormand, Inc., reported a $2,800 unfavorable price variance for variable overhead and a $28,000 unfavorable price variance for fixed overhead. The flexible budget had $1,045,200 variable overhead based on 34,840 direct labor-hours; only 34,040 hours were worked. Total actual overhead was $1,814,000. The number of estimated hours for computing the fixed overhead application rate totaled 38,100 hours. Required: a. Prepare a variable overhead analysis, b. Prepare a fixed overhead analysis. Complete this question by entering your answers in the tabs below. Required A Required 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.) Price variance Production volume variance Fixed overhead cost variance McDormand, Inc., reported a $2,800 unfavorable price variance for variable overhead and a $28,000 unfavorable price variance for Ixed overhead. The flexible budget had $1,045,200 variable overhead based on 34,840 direct labor-hours; only 34,040 hours were worked. Total actual overhead was $1,814,000. The number of estimated hours for computing the fixed overhead application rate Lotaled 38,100 hours Required: a. Prepare a variable overhead analysis. b. Prepare a fixed overhead analysis. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a variable overhead analysis. (Do not round intermediate calculatic 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.) Price variance Efficiency variance Variable overhead cost variance Retired Required B >