completed so far. It does not indicate complec Norwall Company's budgeted variable manufacturing overhead cost is $3.00 per machine-hour and its budgeted fixed manufacturing overhead is $300.000 per month The following information is available for a recent month: a. The denominator activity of 60.000 machine-hours is used to compute the predetermined overhead rate, b. Ata denominator activity of 60,000 machine hours, the company should produce 40.000 units of product c. The company's actual operating results were: Nunber of units produced Actual machine-hours Actual variable sanufacturing overhead cost Actual fixed manufacturing overhead cost 42.000 64, 185,600 302.400 Required: 1. Compute the predetermined overhead rate and break it down into variable and red cost elements 2. Compute the standard hours allowed for the actual production 3. Compute the variable overhead rate and efficiency variances and the need overhead budget and volume variances Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None for no effectie, zero variance). In amounts as positive values.) Answer is not complete