ces Required information [The following information applies to the questions displayed below.] ACME manufacturing is a low-cost producer of a single, commodity product: RGL-01. Standard overhead cost information for one unit of this product is presented below: Standard number of machine hours per unit produced Standard variable overhead rate per machine hour Budgeted fixed overhead (for the year) Practical capacity, in units (annual basis) Budgeted output for the coming year, in units. Normal capacity, in units (per year) Actual production for the year (in units) Actual overhead costs incurred during the year: Fixed overhead Variable overhead Actual number of machine hours per unit for work done this period 0.5 $ 30.00 $ 580,000 10,000 8,000 9,000 9,200 $ 556,800 $ 148,200 0.49 9. Provide an interpretation of the results reported in requirements 7 and 8.