In addition to other costs, Fanning Telephone Company planned to incur $437,220 of fixed manufacturing overhead in making 347,000 telephones. Fanning actually produced 353,000 telephones, incurring actual overhead costs of $428,220. Fanning 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 rate		per unit
b.	Total fixed cost spending variance
c.	Total fixed cost volume variance