Haines Manufacturing Company (HMC) bases its fixed overhead rate on practical capacity of 30,000 units per year. Budgeted and actual results for the most recent year follow:

Required:
Calculate the following for HMC:
1. Fixed overhead rate based on practical capacity.
2. Fixed overhead spending variance.
3. Expected (planned) capacity variance.
4. Unexpected (unplanned) capacity variance.
5. Total over or under-applied fixed manufacturing overhead

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Budgeted Actual Fixed manufacturing overhead Number of units produced $600,000 20,000 $560,000 22,000