Lamp Light Limited (LLL) manufactures lampshades. It applies variable overhead on the basis of direct labor hours, Information from Lli's standard cost card follows: Duting August, LL had the following actual results: Lamp Light Limited (LLL) calculates a fixed overhead rate based on budgeted fixed overhead of $61,600 and budgeted production of 22400 units. Actual resuits were as follows: Required: 1. Calculate the fixed overhead rate based on budgeted production for LLL 2. Calculate the fixed overhead spending vatiance for LLL. 3. Calculate the fixed overhead volume vatiance for LLL Required: 1. Caiculate the fixed overhead rate based on budgeted production for LLL 2. Calculate the fixed overhead spending variance for LLL. 3. Calculate the fixed overhead volume variance for LLL. 4. Calculate the over- or underapplied fixed overhead for LLL Complete this question by entering your answers in the tabs below. Calculate the fixed overhead rate based on budgeted production for LLL. (Round your answer to 2 decimal places.) 2. Calculate the fixed overhead spending varlance for LLL 3. Calculate the fixed overhead volume variance for LLL 4. Calculate the over-or underapplied fixed overhead for LL. Complete this question by entering your answers in the tabs below. 2. Calculate the fixed overhead spending variance for LL. (Indlicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no elfect (1.0, zero variance).) 3. Calculate the fixed overhead volume variance for LI. (indicate the effect of each variance by selecting "F* for favorable. "U" for unfavorable, and "None" for no effect (L.e, zero variance). Round Fixed overhead rate to 2 decimal placns.) Required: 1. Calculate the fixed overhead rate based on budgeted production for LLL. 2. Calculate the fixed overhead spending varlance for LLL. 3. Calculate the fixed overhead volume variance for L.L. 4. Calculate the over-or underapplied fixed overhead for LLL. Complete this question by entering your answers in the tabs below. Calculate the over- or underapplied fixed overhead for LLL