The following information is provided to assist you in evaluating the performance of the production operations of Studio Company:

Units produced (actual)	60,000
Master production budget
Direct materials	$126,390
Direct labor	107,240
Overhead	168,520
Standard costs per unit
Direct materials	$1.65 2 gallons per unit of output
Direct labor	$14 per hour 0.2 hour per unit
Variable overhead	$12.00 per direct labor-hour
Actual costs
Direct materials purchased and used	$141,270 (83,100 gallons)
Direct labor	135,182 (10,280 hours)
Overhead	180,200 (61% is variable)

Variable overhead is applied on the basis of direct labor-hours.

Required:

Calculate fixed overhead price variance & Production Volume Variance.. (Do not round intermediate calculations. 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.)