Rhine Incorporated makes a single product--a critical part used in commercial airline seats.The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period.Data concerning the most recent year appear below: 
Required:
a.Determine the fixed overhead budget variance for the year.
b.Determine the fixed overhead volume variance for the year.
Definitions:
Oedipus Complex
A Freudian concept in psychoanalytic theory where a child feels desire for their opposite-sex parent and jealousy towards their same-sex parent.
Psychoanalytic Theory
A set of theories which analyzes the human psyche in terms of conscious and unconscious processes, emphasizing the role of childhood experiences.
Impulsive
Acting or done without forethought, often based on immediate desires or instincts rather than careful consideration.
Self-Indulgent
Behavior characterized by doing or allowing oneself what pleasures them, often without restraint or consideration for consequences.
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