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	$ 495,900
Actual fixed overhead cost for the year	$ 486,000
Budgeted direct labor-hours (denominator level of activity)	57,000
Actual direct labor-hours	58,000
Standard direct labor-hours allowed for the actual output	55,000

Required:

Compute the fixed portion of the predetermined overhead rate for the year.

Note: Round Fixed portion of the predetermined overhead rate to 2 decimal places.

Compute the fixed overhead budget variance and volume variance.

Note: 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.