The following budget data pertain to the company prepared the beginning of 2020 for the current year production activities. The company uses machine hours as the basis for applying factory overhead.

Maximum production capacity = 60,000 units

Planned activity level for 2020 = 51,000 units

Machine hours required per unit of output = 2.5 hours

VMOH application rate = $3.6 per hour

Budgeted Fixed factory overhead = $433,500

Actual Results:

Actual Number of units produced = 50,000 units

Actual quantity of machine hours used is 127,500 hours

Actual FMOH incurred is $400,000

Actual VMOH incurred is $500,000

Required: Calculate the flexible budget variance for FMOH and VMOH.