4. Variance Analysis. The H. G. Company uses a standard cost system in accounting for the cost of one of its products. The Budget is based on normal capacity of monthly production of 100 units per day for the usual 22 workdays per month. Standard cost per unit for direct labor is 16 hours @ $1.50 per hour. Standard cost for overhead was set as follows: Fixed overhead per month Variable overhead per month Total budgeted overhead $29,040 $39,600 $68,640 Expected direct labor cost $52,800 Overhead rate per dollar of labor $1.30 Standard overhead per unit $31.20 During the month of September, the plant operated only 20 days. Cost for the 2,080 units produced were: Direct labor, 32,860 hours @ $1.52 $49,947.20 Fixed overhead $29,300.00,0 Variable overhead $39,065.00 REQUIRED: Determine the following for Fixed Overhead: (A)S (B)S (C)$ (D) (E)S (F)$ _The Fixed Overhead Rate per direct labor hour. _Budgeted fixed overhead Applied fixed overhead (2,080 actual finished units x 16 standard hours x $,825) _Actual fixed overhead Fixed Overhead Budget Variance (indicate favorable or unfavorable) Fixed Overhead Volume Variance (indicate favorable or unfavorable)