See Clear Company calculates a fixed overhead rate based on budgeted fixed overhead of $288,000 and budgeted production of 480,000 units. Actual results were as follows: Number of units produced and sold Actual fixed overhead 421,000 $ 291,500 Required: 1. Calculate the fixed overhead rate based on budgeted production for See Clear, 2. Calculate the fixed overhead spending variance for See Clear. 3. Calculate the fixed overhead volume variance for See Clear. 4. Calculate the over- or underapplied fixed overhead for See Clear. Calculate the fixed overhead rate based on budgeted production for See Clear. (Round your answer to 2 decimal places.) Fixed Overhead Rate per Unit 2. Calculate the fixed overhead spending variance for See Clear. 3. Calculate the fixed overhead volume variance for See Clear. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Show less A 2. 3. Fixed Overhead Spending Variance Fixed Overhead Volume Variance Calculate the over- or underapplied fixed overhead for See Clear. Fixed Overhead