Feltham Finch Limited is a manufacturing company. For the month of August 2013 it budgeted for 780 units of production, each to use 4 hours of machine time. Production overhead absorption rates were...

Feltham Finch Limited is a manufacturing company. For the month of August 2013 it budgeted for 780 units of production, each to use 4 hours of machine time. Production overhead absorption rates were budgeted as follows:

Variable production overhead: £2.80 per machine hour

Fixed production overhead: £7.60 per machine hour

The actual level of production in the month was 760 units.

The original production overhead budget, the flexed budget and the actual expenditure are shown in the following table:

Required:

i) Calculate the total variable production overhead variance.

ii) Calculate the total fixed production overhead variance.