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:

Required:

Compute the fixed portion of the predetermined overhead rate for the year. $($Round Fixed portion of the predetermined overhead

rate to $2$ decimal places.$)$

Compute the fixed overhead budget variance and volume variance. $($Indicate the effect of each variance by selecting $"$F$"$ for

favorable, $"$U$"$ for unfavorable, and "None" for no effect $($i$.$e$.,$ zero variance.$).$ Input all amounts as positive values.$)$