1.Regal Company provides the following information on its manufacturing operations for April: Production in output units 400 Budgeted variable overhead cost rate per output unit $3 Actual machine-hours used 700 Actual variable overhead costs $1,350 Budgeted machine-hours allowed per output unit 1.50 a.Compute the budgeted variable overhead cost rate per machine-hour. b.Compute the budgeted machine-hours allowed for actual output produced. c.Using the columnar format below, compute the variable overhead spending and efficiency variances. Use F for favorable variances and U for unfavorable variances