BUS 208 Chapter 9 Homework 4 Saved Lamp Light Limited (LLL) manufactures lampshades. It applies variable overhead on the basis of direct labor hours. Information from LLL's standard cost card follows: 3 points Variable manufacturing overhead Standard Standard Quantity Rate 0.6 $0.80 Standard Unit Cost $0.48 eBook References During August, LLL had the following actual results: Units produced and sold Actual variable overhead Actual direct labor hours 24,100 $ 9,490 16,000 Lamp Light Limited (LLL) calculates a fixed overhead rate based on budgeted fixed overhead of $79,125 and budgeted production of 21,100 units. Actual results were as follows: Number of units produced and sold Actual fixed overhead 24,100 $76,125 Required: 1. Calculate the fixed overhead rate based on budgeted production for LLL. 2. Calculate the fixed overhead spending variance for LLL. 3. Calculate the fixed overhead volume variance for LLL. 4. Calculate the over- or underapplied fixed overhead for LLL. Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Req 4 Calculate the fixed overhead rate based on budgeted production for LLL. (Round your answer to 2 decimal places.) Fixed Overhead Rate per unit