A manufacturer of industrial equipment has a standard costing system based on machine hours (MHs) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: 3.900 MHS Denominator Level of Activity Overhead Costs at the Denominator Activity Level: Variable Overhead Cost Fixed Overhead Cost $33,345 $61,425 The following data pertain to operations for the most recent period: 3,900 MHS 3,952 MHS Actual Hours Standard Hours Allowed for the Actual Output Actual Total Variable Overhead Cost Actual Total Fixed Overhead Cost $32,565 560,675 QUESTIONS: a. What were the predetermined OverHead Application Rates IPOHARI, each rounded to the nearest cent! b. Determine the foued overhead variances Manufacturing Overhead Fixed Actual Budget Applied Explain the impact of the volume variance