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Lihue, Inc., applies fixed overhead at the rate of $3.50 per unit. Budgeted fixed overhead was $1,229,550. This month 342,800 units were produced, and actual overhead was $1,210,000 Required: a. What are the fixed overhead price and production volume variances for 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 b. What was budgeted production for the month? (Do not round intermediate calculations.) Budgeted production units