Haives Manufacturing Company (HMC) bases its fixed overhead rate on practical capacity of 84,000 units per year. Budgeted and actual results for the most recent year follow: Budgeted Actual $588,000 $565,000 Fixed manufacturing overhead Number of units produced 74,000 79,000 Required: 1. Calculate the fixed overhead rate based on practical capacity for HMC. (Round your answer to 2 decimal place.) Fixed Overhead Rate $ 7.00 per unit 2. Calculate the fixed overhead spending variance for HMC. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.) Fixed Overhead Spending Variance $ 23,000 F 3. Calculate the expected (planned) capacity variance for HMC. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable. Round Fixed overhead rate to 2 decimal places.) Expected (Planned) Capacity Variance U 4. Calculate the unexpected (unplanned) capacity variance for HMC. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable. Round Fixed overhead rate to 2 decimal places.) Unexpected (Unplanned) Capacity Variance