16.The management of Lorraine Enterprises is analyzing fixed manufacturing overhead variances for the fiscal period just ended. It notices that the total fixed manufacturing overhead variance was $360,000 Unfavorable and that the fixed overhead budget variance was $140,000 Favorable. However, Lorraineaccountants had failed to calculate the fixed overhead volume variance. The standard fixed overhead rate was $20 per machine hour and Lorraine had allowed for 18,000 machine hours. What is the amount of Lorraine抯budgeted cost for fixed manufacturing overhead?抯A)$180,000 (F)B)$860,000 (F)C)$430,000 (U)D)$340,000 (U)17.The management of XYZ Company is analyzing fixed manufacturing overhead variances for the fiscal period just ended. For the period, XYZ had budgeted $400,000 in total fixed manufacturing overhead but had actually incurred $500,000. Also, the standard fixed overhead rate was $10 per machine hour and XYZ had allowed for 25,000 machine hours. What is XYZ抯fixed overhead volume variance?