Required information [The following information applies to the questions displayed below] Sunnyvale Inc. uses a standard cost system to apply factory overhead costs to units produced. Budgeted output: 26,700 units. Budgeted machine hours: 53.400 machine hours per year. Budgeted fixed factory overhead costs: $267.000. Budgeted variable factory overhead cost rate: $3.10 per unit. Actual output: 20,600 units. Actual machine hours: 42.400. Actual fixed factory overhead costs: $258.200. Actual variable factory overhead cost rate: $3.00 per unit. Factory overhead costs are applied based on standard machine hours allowed for units produced. Based on the Informatic provided above, what was (a) the fixed overhead spending (budget) variance for year, and (b) the production volume variance for the year? Indicate whether each variance was favorable (F) or unfavorable (U). (Do not round Intermediate calculations. Round final answers to the nearest whole dollar amount.) (a) Spending (budget) variance (b) Production volume variance