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: Fixed manufacturing overhead Number of units produced Budgeted Actual $841,500 $790,500 23,000 26,000 Required: 1. Calculate the fixed overhead rate based on practical capacity. (Round your final answer to 2 decimal places.) Fixed Overhead Rate per unit 2. Calculate the fixed overhead spending variance.(Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.)