Fresh, Inc., is a manufacturer of vacuums and uses standard costing, Manufacturing overhead (both variable and fixed) is allocated to products on the basis of budgeted machine-hours. In 2017, budgeted fixed manufacturing overhead cost was $18,000,000. Budgeted variable manufacturing overhead was $10 per machine-hour. The denominator level was 1,000,000 machine-hours. Read the requirements Requirement 1. Prepare a graph for fixed manufacturing overhead. The graph should display how Fresh, Inc.'s fixed manufacturing overhead costs will be depicted for the purposes of (a) planning and control and (b) inventory costing, (Enlarge the graph and use the tool line button displayed to draw the graph.) Fred Manufacturing Overhead $22.500.000 $21 000 000 $19.500.000 S 500 000 Total Fred Manufacturing Overhead Costs $9.000.000 $7 500 000 $6.000.000 30 500.000 30 000 400.000800.000 200.000 Machines Requirement 2. Suppose that 875,000 machine-hours were allowed for actual output produced in 2017, but 950,000 actual machine-hours were used. Actual manufacturing overhead was $9.975,000, variable, and $18,075,000, fixed. Compute(a) the variable manufacturing overhead spending and efficiency variances and (b) the fixed manufacturing overhead spending and production-volume variances (a) Begin by calculating the following amounts for the variable manufacturing overhead, Actual Input Actual Costs Incurred Flexible Budget Allocated Overhead Budgeted Rate Variable MOH