1The ABC Companys factory overhead rate is $3 per hour. Budgeted overhead for 4,000 hours per month is $18,000 and at 8,000 hours is $26,000. Actual factory overheads for the month are $20,000 and actual volume is 6,000 hours. Required: 1) Variable overhead per hour 2) Budgeted fixed overhead 3) Normal capacity hours 4) Applied factory overheads 5) Over/under applied factory overheads 6) Spending variance 7) Idle capacity variance