The $($partial$)$ cost sheet for the single product manufactured at Briarcliff Corporation follows:

The master budget level of production is $45,480$ direct labor$-$hours, which is also the production volume used to compute the fixed

overhead application rate. Other information available for operations over the past accounting period include the following:

Required:

a$.$ What was the variable overhead efficiency variance?

b$.$ What was the fixed overhead price variance?

c$.$ What was the fixed overhead production volume variance?

Note: For all requirements, 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.The $($partial$)$ cost sheet for the single product manufactured at Briarcliff Corporation follows:

Direct labor $(2$ hours @ $$30)$ $ $60$

Variable overhead $(2$ hours @ $$9)18$

Fixed overhead $(2$ hours @ $$11)22$

The master budget level of production is $45,480$ direct labor$-$hours, which is also the production volume used to compute the fixed overhead application rate. Other information available for operations over the past accounting period include the following:

Actual variable overhead incurred $ $555,000$

Actual fixed overhead incurred $477,400$

Direct labor efficiency variance $77,400$ F

Variable overhead price variance $121,200$ U

Required:

a$.$ What was the variable overhead efficiency variance?

b$.$ What was the fixed overhead price variance?

c$.$ What was the fixed overhead production volume variance?

Note: For all requirements, 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.