Haives Manufacturing Company (HMC) bases its fixed overhead rate on practical capacity of 89,000 units per year. Budgeted and actual results for the most recent year follow:

	Budgeted		Actual
Fixed manufacturing overhead	$	645,250	$	630,000
Number of units produced		79,000		84,000

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

2. Calculate the fixed overhead spending variance for HMC. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.)

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.)

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.)