Norwall Companys budgeted variable manufacturing overhead cost is $1.15 per machine-hour and its budgeted fixed manufacturing overhead is $72,864 per month.

The following information is available for a recent month:

1. The denominator activity of 20,240 machine-hours is used to compute the predetermined overhead rate.
2. At a denominator activity of 20,240 machine-hours, the company should produce 9,200 units of product.
3. The companys actual operating results were:

Number of units produced		10,280
Actual machine-hours		21,650
Actual variable manufacturing overhead cost	$	28,145
Actual fixed manufacturing overhead cost	$	76,700

per MH per MH per MH MHs 1. Predetermined overhead rate Variable element Fixed element Standard hours allowed for the actual production 3. Variable overhead rate variance Variable overhead efficiency variance Fixed overhead budget variance Fixed overhead volume variance