M$9-13($Static$)$ Calculating Fixed Manufacturing Overhead Volume Variance $[$LO $9-$S$1]$

Cholla Company's standard fixed overhead rate is based on budgeted fixed manufacturing overhead of $$10,200$ and budgeted

production of $30,000$ units. Actual results for the month of October reveal that Cholla produced $28,000$ units and spent $$9,900$ on

fixed manufacturing overhead costs.

Required:

Calculate Cholla's fixed overhead rate and the fixed overhead 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$).$ Round "Fixed Overhead Rate" to $2$ decimal places.