Crash Bang, Co. uses a standard cost system and provides the following information: Standards: Static budget variable overhead $5,550.00. Static budget fixed overhead $22,000.00. Static budget direct labor hours 568 hours. Static budget number of units 21,600 units. Static budget direct labor hours 0.026 hours per unit. Crash Bang, Co. allocates manufacturing overhead to production based on standard direct labor hours. Crash Bang, Co. reported the following actual results for 2020: Actual: Number of units produced 20,600. Actual variable overhead $5,220.00 Actual fixed overhead $24,260.00. Actual direct labor hours 481. (Round your answers to two decimal places when needed and use rounded answers for all future calculations). 1. Compute the fixed overhead allocation rates. 554000 Budgeted FOH ? Budgeted allocation base = Standard FOH allocation rate 571 2. Calculate the fixed overhead cost variance. = 970.23 Act. FOH ? Budget FOH = Fixed OH Cost Variance Favorable or Unfavorable =