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Haives Manufacturing Company (HMC) bases its fixed overhead rate on practical capacity of 86,000 units per year. Budgeted and actual results for the most recent year follow: Required: 1. Calculate the fixed overhead rate based on practical capacity for HMC. 2. Calculate the fixed overhead spending variance for HMC. 3. Calculate the expected (planned) capacity variance for HMC. 4. Calculate the unexpected (unplanned) capacity variance for HMC. Complete this question by entering your answers in the tabs below. Calculate the fixed overhead rate based on practical capacity Ior HMC. Note: Round your answer to 2 decimal places. Haives Manufacturing Company (HMC) bases its fixed overhead rate on practical capacity of 86,000 units per year. Budgeted and actual results for the most recent year follow: Required: 1. Calculate the fixed overhead rate based on practical capacity for HMC. 2. Calculate the fixed overhead spending variance for HMC. 3. Calculate the expected (planned) capacity variance for HMC. 4. Calculate the unexpected (unplanned) capacity variance for HMC. Complete this question by entering your answers in the tabs below. 2. Calculate the fixed overhead spending variance for HMC. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). 3. Calculate the expected (planned) capacity variance for HMC. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance). 4. Calculate the unexpected (unplanned) capacity variance for HMC. Note: Round Fixed overhead rate to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, " U " for unfavorable, and "None" for no effect (i.e., zero variance)