9. A company has two departments that all goods pass through, machining and assembly. Machining overhead is applied based on machine hours and assembly overhead is applied based on direct labor hours. Data on each department is as follows: Machining Assembly Budgeted overhead $75,000 $40,000 Budgeted direct labor hours 5,000 hrs. 10,000 hrs. Budgeted machine hours 25,000 hrs. 1.000 hrs. Actual overhead $75,400 $39.200 Actual direct labor hours 5,203 hrs. 9,980 hrs. Actual machine hours 25,040 hrs. 850 hrs. Calculate the overhead rate for each department. B. What is each department's applied overhead? Calculate each department's overhead variance. Specify whether it is overapplied or underapplied