Exercise 10A-1 (Algo) Fixed Overhead Variances [L010-4] Primara Corporation applies overhead to products based on the standard direct labor-hours allowed for the actual output. Data concerning the most recent year appear below: Required: 1. Compute the fixed portion of the predetermined overhead rate for the year. Note: Round Fixed portion of the predetermined overhead rate to 2 decimal places. 2. Compute the fixed overhead budget variance and volume variance. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.). Input all amounts as positive values. Exercise 10A-1 (Algo) Fixed Overhead Variances [L010-4] Primara Corporation applies overhead to products based on the standard direct labor-hours allowed for the actual output. Data concerning the most recent year appear below: Required: 1. Compute the fixed portion of the predetermined overhead rate for the year. Note: Round Fixed portion of the predetermined overhead rate to 2 decimal places. 2. Compute the fixed overhead budget variance and volume variance. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.). Input all amounts as positive values