Moleno Company produces a single product and uses a standard cost system. The normal production volume is 120,000 units; each unit requires five direct labor hours at standard. Overhead is applied on the basis of direct labor hours. The budgeted overhead for the coming year is as follows:

FOH	$2,160,000*
VOH	1,440,000
* At normal volume.

During the year, Moleno produced 118,600 units, worked 592,300 direct labor hours, and incurred actual fixed overhead costs of $2,150,400 and actual variable overhead costs of $1,422,800.

Required:

1.	Calculate the standard fixed overhead rate and the standard variable overhead rate.
2.	Compute the applied fixed overhead and the applied variable overhead. What is the total fixed overhead variance? Total