Skizone Company's overhead variance analysis:

Spending Variance

Efficiency Variance

Variable overhead

$$6,900$ F

$$11,000$ U

Fixed overhead

$($a$)$

No variance

Which of the following statements is true of Skizone's overhead variances?

Budgeted variable overhead rate is higher than actual variable overhead rate.

Static fixed overhead amount is higher than flexible fixed overhead amount.

Budgeted variable overhead rate is lower than actual variable overhead rate.

Static fixed overhead amount is lower than flexible fixed overhead amount.