Cholla Company's standard fixed overhead rate is based on budgeted fixed manufacturing overhead of $27,000 and budgeted production of 30,000 units. Actual results for the month of October reveal that Cholla produced 28,000 units and spent $25,500 on fixed manufacturing overhead costs. Calculate Cholla's fixed overhead rate and the fixed overhead volume variance. (Round "Fixed Overhead Rate" to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.) Fixed Overhead Rate per UnitFixed Overhead Volume Variance
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