Haines Manufacturing Company (HMC) bases its fixed overhead rate on practical capacity of 31,000 units per year. Budgeted and actual results for the most recent year follow: Fixed manufacturing overhead Number of units produced Budgeted Actual $635,500 $594,580 21, eee 23,eee 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 varlance by selecting "F" for favorable, "U" for unfavorable.) Fixed Overhead Spending Variance 3. Calculate the expected (planned) capacity variance. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable.) Expected (Planned) Capacity Variance 4. Calculate the unexpected (unplanned) capacity variance (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable.) Unexpected (Unplanned) Capacity Variance 5. Calculate the total over- or underapplied fixed manufacturing overhead. (Indicate the effect of each verlance by selecting "F" for favorable/Overapplied and "U" for unfavorable/underapplied.)