Primara Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below:

Total budgeted fixed overhead cost for the year	$413,100
Actual fixed overhead cost for the year	$404,100
Budgeted standard direct labor-hours (denominator level of activity)	51,000
Actual direct labor-hours	52,000
Standard direct labor-hours allowed for the actual output	49,000

Required:

1.

Compute the fixed portion of the predetermined overhead rate for the year. (Round Fixed portion of the predetermined overhead rate to 2 decimal places.)

Fixed overhead

Denominator level of activity

Fixed portion of the predetemined overhead rate

2.

Compute the fixed overhead budget variance and volume variance. (Round Fixed portion of the predetermined overhead rate to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.)) Actual fixed overhead cost for the year Budgeted fixed overhead coost Budget variance Fixed protion of the predetermined overhead rate per DLH Denominator hours DLHs Srandard hours allowed DLHs Volume variance