q6m11

Haives Manufacturing Company (HMC) bases its fixed overhead rate on practical capacity of 87,000 units per year. Budgeted and actual results for the most recent year follow: Required: 1. Calculate the fixed overhead rate based on practical capacity for HMC. 2. Calculate the fixed overhead spending variance for HMC. 3. Calculate the expected (planned) capacity variance for HMC. 4. Calculate the unexpected (unplanned) capacity variance for HMC. Complete this question by entering your answers in the tabs below. Calculate the fixed overhead rate based on practical capacity for HMC. Note: Round your answer to 2 decimal places