2 4. 10.00 points year Manufacturing Company (HMC) bases its fixed overhead rate on practical capecity of 16,000 units per year. Budgeted and actual results for the most recent follow BudgeledActuial $472,000 $413,000 Number of units produced 7000 10,000 Required: Calculate the fxed overhead rate based on practical capacity, Round your final answer to 2 decimal places) per unit Calculate the fixed overhead spending variance (Indicate the effect of each variance by selecting "F" for favorable, "U for unfavorable.) 3. Calculate the expected (planned) capacity variance. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.) Expected (Planned) Capacity Varia 4. Calculate the unexpected (unplanned) capacity variance. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.) (Unplanned) Capacity 5. Calculate the total over- or underapplied fixed manufacturing overhead. (Indicate the effect of each variance by selecting "F" for favorable/Overapplied and "U" for rapplied.)