Lamp Light Limited (LLL) manufactures lampshades. It applies variable overhead on the basis of direct labor hours. Information from LLL's standard cost card follows: During August, LLL had the following actual results: Lamp Light Limited (LLL) calculates a fixed overhead rate based on budgeted fixed overhead of $78,750 and budgeted production of 21,000 units. Actual results were as follows: Required: 1. Calculate 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. Haines Manufacturing Company (HMC) bases its fixed overhead rate on practical capacity of 35,000 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. 5. Calculate the total over- or underapplied fixed manufacturing overhead for HMC. Complete this question by entering your answers in the tabs below