Mini$-$Exercise $15-6($Algo$)$ Fixed overhead variances LO $15-4,15-5,15-6$

Acme Company's production budget for August is $18,600$ units and includes the following component unit costs: direct materials, $$8\mathrm{.}0$;

direct labor, $$11\mathrm{.}5$; variable overhead, $$5\mathrm{.}00.$ Budgeted fixed overhead is $$43,000.$ Actual production in August was $19,998$ units. Actual

unit component costs incurred during August include direct materials, $$10\mathrm{.}00$; direct labor, $$10\mathrm{.}50$; variable overhead, $$6\mathrm{.}00.$ Actual

fixed overhead was $$45,600.$ The standard fixed overhead application rate per unit consists of $$2\mathrm{.}5$ per machine hour and each unit is

allowed a standard of $1$ hour of machine time.

Required:

Calculate the fixed overhead budget variance and the fixed overhead volume variance.

Note: Indicate the effect of each variance by selecting $"$F$"$ for favorable, $"$U$"$ for unfavorable, and "None" for no effect $($i$.$e$.,$ zero

variance$).$