In addition to other costs, Baird Telephone Company planned to incur $429,270 of fixed manufacturing overhead in making 349,000 telephones. Baird actually produced 358,000 telephones, incurring actual overhead costs of $424,270. Baird establishes its predetermined overhead rate based on the planned volume of production (expected number of telephones).

Required:

Calculate the predetermined overhead rate. (Round your answer to 2 decimal places.)

Determine the fixed cost spending variance and indicate whether it is favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).)

Determine the fixed cost volume variance and indicate whether it is favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).)

a.Predetermined overhead rateper unit ________________ per unit

b.Total fixed cost spending variance __________________

c.Total fixed cost volume variance _________________