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: Tatal budgeted fixed overhead cost for the year Actual fixed overhead cont for the year Thudgeted direct laborhout (denominator level of activity) Actual direct labor-hours Standard direct labor-hour allowed for the actual output 181,600 3472,000 56,000 57,000 54.000 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.) 2. 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 (l.e., zero variance.). Input all amounts os positive values.) per DLH 1. Fixed portion of the predetermined overhead rate 2. Budget variance Volume variance