I am trying to figure out the right numbers for this one. since everything is online i am struggling with this. good review will be given. thank you.

The condensed form of Nordstrop Company's flexible budget for manufacturing overhead follows: Cost Formula Machine-Hours (per machine- Overhead Costs hour ) 6, 500 7,500 8, 500 Variable cost $1 . 25 $ 8, 125 $ 9,375 $ 10, 625 Fixed cost 11, 700 11, 700 11 , 700 Total overhead cost $ 19, 825 $ 21, 075 $ 22, 325 The following information is available for a recent period: a. The denominator activity of 6,500 machine-hours was chosen to compute the predetermined overhead rate. b. At the 6,500 standard machine-hours level of activity, the company should produce 3,250 units of product. c. The company's actual operating results were as follows: Number of units produced 3,550 Actual machine-hours 7,000 Actual variable overhead costs $ 8, 960 Actual fixed overhead costs $ 12, 000Require-ct 1. Compute the predetermined overhead rate and break it down into variable and fixed cost elements. (Round your answers to 2 decimal places.) Predeten'nined overhead rate Variable rate 2. What were the standard hours allowed for the year's actual output? {Do not round intermediate calculations.) 3. Compute the variable overhead spending and efficiency variances and the fixed overhead budget and volume variances. (Do not round intermediate calculations. Round your answers to 2 decimal places. Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).) Variable overhead spending variance Variable overhead efficiency variance Fixed overhead budget variance Fixed overhead volume variance