A company has two departments that all goods pass through, finishing and assembly. The finishing department overhead is applied based on machine hours, and the assembly department overhead is applied based on direct labor hours. Data on each department are as follows:

	Finishing	Assembly
Budgeted overhead	$80,000	$60,000
Budgeted direct labor hours	4,000 hrs.	10,000 hrs.
Budgeted machine hours	32,000 hrs.	1,000 hrs.
Actual overhead	$75,400	$59,700
Actual direct labor hours	4,210 hrs.	9,980 hrs.
Actual machine hours	28,600 hrs.	930 hrs.

A. Calculate the overhead rate for each department. (Round your answer to the nearest cent.)

Finishing OH rate	$ per machine hour
Assembly OH rate	$ per direct labor hour

B. What is each department's applied overhead?

Finishing applied OH	$
Assembly applied OH	$

C. Calculate each department's overhead variance. Specify whether it is overapplied or underapplied.

Machining OH variance	$
Assembly OH variance	$