Primara Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below:

Total budgeted fixed overhead cost for the year	$545,100
Actual fixed overhead cost for the year	$537,000
Budgeted standard direct labor-hours (denominator level of activity)	69,000
Actual direct labor-hours	70,000
Standard direct labor-hours allowed for the actual output	67,000

Required:

2.	Compute the fixed overhead budget variance and volume variance. (Round Fixed portion of the predetermined overhead rate to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.))