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 $ $481,600$

Actual fixed overhead cost for the year $ $472,000$

Budgeted direct labor$-$hours $($denominator level of activity$)56,000$

Actual direct labor$-$hours $57,000$

Standard direct labor$-$hours allowed for the actual output $54,000$

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 $($i$.$e$.,$ zero variance.$).$ Input all amounts as positive values.$)$