Haines Manufacturing Company (HMC) bases its fixed overhead rate on practical capacity of 33,000 units per year. Budgeted and actual results for the most recent year follow:

		Budgeted		Actual
Fixed manufacturing overhead		$841,500		$790,500
Number of units produced		23,000		26,000

Required:

1. Calculate the fixed overhead rate based on practical capacity for HMC.

2. Calculate the fixed overhead spending variance for HMC.

3. Calculate the expected (planned) capacity variance for HMC.

4. Calculate the unexpected (unplanned) capacity variance for HMC.

5. Calculate the total over- or underapplied fixed manufacturing overhead for HMC.

Please ONLY answer question 5!!! I know you have a four question maximum and I need to see the process for question 5.