Production and overhead cost information is provided below for Chan Manufacturing Ltd.:

Total budgeted overhead = $1,145,000, applied using direct labour hours.

Predetermined fixed overhead rate = $1.16 per unit of product produced. Budgeted production for the period = 125,000 units, each using 4 direct labour hours.

Actual production for the period = 122,500 units, using 492,500 direct labour hours. Actual variable overhead costs incurred were $1,000,000.

Actual fixed overhead costs incurred were $152,450

What is the fixed overhead volume variance for the period?

What is the variable overhead rate variance for the period?