Haines Manufacturing Company (HMC) bases its fixed overhead rate on practical capacity of 25,000 units per year. Budgeted and actual results for the most recent year follow:

  Budgeted  Actual Fixed manufacturing overhead  $675,000  $621,000 Number of units produced  17,000  20,000 

Required:

1.Calculate the fixed overhead rate based on practical capacity for HMC. (Round your final answer to 2 decimal places.)

2.Calculate the fixed overhead spending variance for HMC. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)

3.Calculate the expected (planned) capacity variancefor HMC.(Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)

4.Calculate the unexpected (unplanned) capacity variance for HMC.(Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)

5.Calculate the total over- or underapplied fixed manufacturing overhead for HMC. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)