Wilson Productions manufactured and sold 1,000 products at $11,000 each during the past year. At the beginning of the year, production had been set at 1,200 products. At the beginning of last year, Wilson Productions set budgeted fixed overhead costs at $456,000. During the year, actual fixed overhead costs were $500,000. Using this information, calculate the companys fixed overhead budget and volume variances for the year. Assume that fixed overhead is applied based on units of product. PLACE IN JOURNAL ENTRY FORM