Haines Manufacturing Company (HMC) bases its fixed overhead rate on practical capacity of 19,000 units per year. Budgeted and actual results for the most recent year follow:

		Budgeted		Actual
Fixed manufacturing overhead		$532,000		$476,000
Number of units produced		13,000		16,000

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

2. 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.)

4. Calculate the unexpected (unplanned) capacity variance.(Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.)

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 unfavorable/underapplied.)