Hannes Manufacturing Company HMC) bases its foed overhead rate on practical capacity of 31000 units per year Budgeted and actual results for the most recent year follow ted ad manufacturing ved 135.50 s produced 23,00 23,00 Required: 1. Calculate the foed overhead rate based on practica capacity found your finalentwerte 2 decimal places) 9026 2. culate thote sending vanance di cate the effect of each wielectior favorfor favorite G911 3. Calculate the expected the contact tecto each one by one fortevole. "U" for unfavorable) 4. Croce 5. Calculate the total over- or underapplied foxed manufacturing overhead. (Indicate the effect of each variance by selecting "e" for favorable/Overapplied and "U" for unfavorable/underopplied.) hadd