Miracle Machines, Inc. manufactures yard aeration machines. Miracle Machines uses standard costing for direct materials and direct labor and would like to use standard costing for variable and fixed overhead. The following monthly cost functions were developed for manufacturing overhead items Cost Function Overhead Item Indirect materials Indirect labor Utilities Insurance Depreciation $1.25 per DLH $1.40 per DLH S0.70 per DLH $18,000 $38,000 The cost functions are considered reliable within a relevant range of 20,000 to 40,000 direct labor hours. The company expects to operate at 25,000 direct labor hours per month Information for the month of June is as follows: Actual overhead costs incurred: Indirect materials Indirect labor Utilities $ 28,000 31,000 15,000 20,000 38.000 Insurance Depreciation Actual overhead costs incurred: Indirect materials Indirect labor $ 28,000 31,000 Utilities Insurance Depreciation Total 15,000 20,000 38.000 $132,000 Actual direct labor hours worked: Standard direct labor hours allowed for production achieved: 25,000 26,000 Required: Select and Copy the following table into the text box below and answer the question parts (A1, A2, B1, B2, B3, B4): (show your work to be considered for partial credit) Required Select and Copy the following table into the text box below and answer the question parts (A1, A2, B1, B2, B3, B4): (show your work to be considered for partial credit) Calculate the following standard manufacturing overhead A. rates based upon expected capacity: A.1 Variable manufacturing overhead A.2 Fixed manufacturing overhead rate B. Calculate the following variances: 3.1 Variable manufacturing overhead spending variance 3.2 Variable manufacturing overhead efficiency variance 3.3 Fixed manufacturing overhead spending variance 3.4 Fixed manufacturing overhead volume variance For the toolhar prorr