Primara Corporation has a allowed standard cost system in which it applies overhead to products based on the standard direct labor-hours for the actual output of the period. Data concerning the most recent year appear below: Total budgeted fixed overhead cost for the year Actual fixed overhead cost for the year Actual direct labor-hours Standard direct labor-hours allowed for the actual output 433,100 425,000 61,000 62,000 59,000 Budgeted diret labor-houre (deominator level of actvty) Required: 1. Compute the fixed portion of the predetermined overhead rate for the year. (Round Fixed portion of the predetermined overhea rate to 2 decimal places) hon. % 2 Compute the fued overhead budget varance and volume varlance. ndleate the offect of aich variance by selecting F- for favorable, "u' for unfavorable, and "None for no effect L.e., zero variance.)- Input all amounts as positive valu 1. Fixed portion of the predetermined overhead rate 2. Budget variance per OLH Volume variance