Case 2 Normal operating capacity of Batman Inc. is 200.000 machine hours per month, the level used to compute the predetermined factory overhead application rate. At this level of activity, fixed factory overhead is estimated to be $100.000, and variable factory overhead is estimated to be $300.000. During February, actual production required 120.000 machine hours and actual factory overhead totale $300.000 Required: . . Determined the fixed portion of the factory overhead application rate Determined the variable portion of the factory overhead application rate Is factory overhead for February over-or underapplied, and by how much